BITCOIN/ The Monthly Equilibrium - This might take a while...
Hello everyone,
Let me start off by saying this: This chart is by no means a reflection of future price action. Instead, it is meant as a comparison between Bitcoin's current and past cycles.
My primary goal is to show that things are very different this time around (surprise).
Bitcoin's five-month, 320% rally was anything but a good thing.
It forced the correction to be more severe. A monthly equilibrium is now likely to happen. Forget any thought of straight continuation after this correction is over.
Bitcoin is in for a long recovery period.
Happy trading and remember:
There's a difference between knowing the path and walking the path - Morpheus_RED
Let me start off by saying this: This chart is by no means a reflection of future price action. Instead, it is meant as a comparison between Bitcoin's current and past cycles.
My primary goal is to show that things are very different this time around (surprise).
Bitcoin's five-month, 320% rally was anything but a good thing.
It forced the correction to be more severe. A monthly equilibrium is now likely to happen. Forget any thought of straight continuation after this correction is over.
Bitcoin is in for a long recovery period.
Happy trading and remember:
There's a difference between knowing the path and walking the path - Morpheus_RED
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.