BitcoinLong
Yes, Bitcoin can also do this - next move to watch out
1️⃣ Bitcoin is retracing to its 60-day low, giving risk-takers a chance to enter the market’s next leg up right now 🪙.
No rush, wait patiently.
So, are we going to go up in November?
It all depends on the next 10 days. If Bitcoin can hold above $65,000–$66,000 while the 3-day indicator resets, it’ll be a prime opportunity to re-enter the market. If Bitcoin fails to hold that level, we may need to wait for the 1-week (red line) indicator to reset instead.
📈 Bitcoin has rallied 34% from September to November, hitting overbought on all cycle indicators. Just like in 2021, the 2-week cycle (light blue line at the bottom) indicates mid-term growth, while other indicators are beginning to retrace. 🔄
📉 If history repeats (and it might), the ideal re-entry will be when the 3-day indicator (violet line) dips below 20.
Let’s stop gambling and start making sustainable money in crypto.
No rush, wait patiently.
So, are we going to go up in November?
It all depends on the next 10 days. If Bitcoin can hold above $65,000–$66,000 while the 3-day indicator resets, it’ll be a prime opportunity to re-enter the market. If Bitcoin fails to hold that level, we may need to wait for the 1-week (red line) indicator to reset instead.
📈 Bitcoin has rallied 34% from September to November, hitting overbought on all cycle indicators. Just like in 2021, the 2-week cycle (light blue line at the bottom) indicates mid-term growth, while other indicators are beginning to retrace. 🔄
📉 If history repeats (and it might), the ideal re-entry will be when the 3-day indicator (violet line) dips below 20.
Let’s stop gambling and start making sustainable money in crypto.
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