Hey there,
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Classical ascending triangle on Bitcoin as the most trustable reversal pattern in my opinion.
I would now expect a consolidation here between 6k and 7k befor moving higher to 8k+.
If we really manage to get to 8k this week, then this will the an amazing reversal engulfing candle on the weekly.
Until then, while it is still possible to reverse and move lower, especially short term, I think the low is in with 95% certainty.
Accumulating down here is the thing to to people. Even if we move sideways for multiiple weeks and months like we did back in 2014/15,
the time to buy is now, when everyone is panic selling and fear is great.
Take a look at the Bitcoin-fear-and-greed-index. ALL TIME LOWS
Cheers,
Konrad
support this idea with your likes please and make sure to follow me here on TV!
Classical ascending triangle on Bitcoin as the most trustable reversal pattern in my opinion.
I would now expect a consolidation here between 6k and 7k befor moving higher to 8k+.
If we really manage to get to 8k this week, then this will the an amazing reversal engulfing candle on the weekly.
Until then, while it is still possible to reverse and move lower, especially short term, I think the low is in with 95% certainty.
Accumulating down here is the thing to to people. Even if we move sideways for multiiple weeks and months like we did back in 2014/15,
the time to buy is now, when everyone is panic selling and fear is great.
Take a look at the Bitcoin-fear-and-greed-index. ALL TIME LOWS
Cheers,
Konrad
