I originally posted this concept up in late 2021 across various social media networks but decided to get back to publishing ideas on TradingView.
Essentially I believe Bitcoin is undergoing true distribution after its most recent bull market.
I believe we will see one last pump to retest the previous areas of supply at 36-40k (The 19 week MA is a line in the sand I'll be watching with interest) before we ultimately enter the final mark down stage of the market cycle.
I believe this mark down phase will take Bitcoin back to <$12k.
Essentially I believe Bitcoin is undergoing true distribution after its most recent bull market.
I believe we will see one last pump to retest the previous areas of supply at 36-40k (The 19 week MA is a line in the sand I'll be watching with interest) before we ultimately enter the final mark down stage of the market cycle.
I believe this mark down phase will take Bitcoin back to <$12k.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.