BTC mindset long term
Updated
- 3 multi year bear channels (Purple, Pink, Blue)
- 1 long term channel from the beginning (Orange)
We did break the blue channel with a few daily closes also the major announcement tomorrow from the FED will impact the market for sure
I personally am not bearish even with all the blood on the streets
-- the black line is 2023 --
I see 2023 as a really bad year... not now.
with mass corp liquidations about, massively effecting the market lets not get fully scared yet...
My Vision
maybe this summer we see low volume PA and ugly charts.
the rule is "sell in May go away", summer is the worst.
lets see how this goes though.
(I bet the only big liquidity will be corporations dumping trying to not get liquidated)
looking at the chart now seems a bit crazy but if a depression or a recession was/is happening, the US wouldn't be warning the people about it.
lets step back from the media for a second and stay zen.
Bitcoin always proved it self long term so please don't get fed drama.
stay true and strong
1 BTC = 1 BTC
I personally see atls taking off (fighting the BTC chart) but time will tell
stay safe, stay zen
JackS
Note
remember $18,200 is last markets top (purple dots). breaking that with a weekly close would be extremely bad.gl be safe
Note
noiceeee
Note
im calling a bottom @ 18.2k till after 2023Note
nice 2nd touch
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