$BTC New Lows on Higher Timeframes
I've been saying the same thing from the start:
"As long as we don't see a shift in market structure, the odds of a new low remain high."
Now we've seen another break in market structure, with the weekly and monthly close below the previous lows. There are still no clear signs that the bottom is in.
There will be countless rallies on the lower timeframes I’ve said that many times before. But when it comes to the higher timeframe structure, nothing has changed yet.
That said, I do believe we're getting closer to the market bottom, and Bitcoin is entering a phase where long term buying opportunities will start to present themselves.
We've already discussed three different strategies for accumulating Bitcoin for the next cycle:
Time-based
Price-based
Structure shift
I believe all three strategies will pay off well in the next cycle. The choice is yours decide which approach best fits your risk tolerance and investment style.
I've been saying the same thing from the start:
"As long as we don't see a shift in market structure, the odds of a new low remain high."
Now we've seen another break in market structure, with the weekly and monthly close below the previous lows. There are still no clear signs that the bottom is in.
There will be countless rallies on the lower timeframes I’ve said that many times before. But when it comes to the higher timeframe structure, nothing has changed yet.
That said, I do believe we're getting closer to the market bottom, and Bitcoin is entering a phase where long term buying opportunities will start to present themselves.
We've already discussed three different strategies for accumulating Bitcoin for the next cycle:
Time-based
Price-based
Structure shift
I believe all three strategies will pay off well in the next cycle. The choice is yours decide which approach best fits your risk tolerance and investment style.