#Bitcoin Log Regression 👀
The orange line, as in the previous cycle, offers strong resistance.
💡I think
BTC will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation.
This is indicated by overbought and seasonality.
⛏️ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumn↗️
The orange line, as in the previous cycle, offers strong resistance.
💡I think
BTC will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation.This is indicated by overbought and seasonality.
⛏️ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumn↗️
Note
A month ago, when we were at 70k+ and most analysts were writing about 100k, I wrote a previous post about what would happen after the halving and why we would go on a correction in a month.
💡Now we are at the 57k mark and continue to move along the gray fractal. If you had such analysts and now they have "changed shoes", I think you need to change the circle of experts you follow.
Note
#Bitcoin Log Regression 👀
I pointed out to you the BTC peak and said there would be a correction due to the capitulation of the miners.
It was 3 months ago, your analysts were screaming about 100k at the halving. I think you need to reconsider your analysts🧠
Note
📝This fractal was added at the beginning of March at the breaking of the highs. And although most of the market for the last six months complained that it could not be predicted, my followers were fully prepared.💡Now we are approaching a turning point, indicated by many factors and most analysis methods. We will continue to move along this fractal and a peak awaits us when we enter the red zone.
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📝In the quoted post 2 months ago, at local lows I indicated how we would move from 50k to the red zone.
💡Now we are approaching the red zone. Given the diminishing return, in the base scenario I do not expect our peak to be higher than the middle of the red band (dark line). So you know what to do when bitcoin enters the red band. By the way, this indicator, and my more accurate tips, are included in the subscription.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels
🤵For more info contact t.me/VolodymyrFeels
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.