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