🚀Bitcoin and market cycles 🚀
Hi TradingView, today I'm going to bring here some of my BITCOIN reading!
My main idea in this study is to bring you the timeline of a cycle and, mainly, what part of this cycle I believe BITCOIN is in!
⚡️This image will help⚡️
See that market cycles tend to be similar, a saying goes that the story is not the same, but it rhymes... Anyway, we have BTC reacting well in 2023 and with the interesting graph, I currently believe that the market is in disbelief this is disbelief many are denying reality when they look at BTC in 2023, looking for narratives for some chaotic context, honestly in my opinion we are at this level of disbelief, and that we may have more corrections, but I cannot deny that I am very optimistic for the BTC in the medium and long term!
I still think that we can have proportional corrections of the last impulse or even moments that will generate fear and uncertainty in the market, but I think we have a well established bottom in the 16k zone, I don't have a crystal ball to predict the future, but the dynamics should be followed, no matter the narrative, if the price is in an uptrend, the focus is on buying corrections for new high Swings, and looking for sales preferably on the intraday. And of course, if you are in a downtrend, the focus is on selling impulses in search of new bearish Swings, looking for purchases preferably on the intraday.
I know that looking at the cycles with a long-term view helps, for this reason, look at this cycle again, and think about the market sentiment, if you try to buy good news, unfortunately the price will already be higher... So have a plan to accumulate BTCs for the long term, and if the focus is on the long term, make the purchase and focus!
Some studies that I published that are still valid and that are complementary to this one.
💲BITCOIN💲 And its power of multiplication in a bull market!
⚡️I hope I can contribute to my friends' reading if you liked it, leave your BOOST 🚀 to support my work!
💡Some say: "If I had bought BTC during the pandemic, or 5 years ago, even 10 years ago, it would be a good buy". But they still don't buy today!
🌳Remember that for you to harvest, at some point you will need to plant! 🌳
🌳"The best time to plant a tree was 20 years ago. The second best is now"🌳
Don't forget to leave BOOST and follow my profile to receive more content like this!
🚨Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
My main idea in this study is to bring you the timeline of a cycle and, mainly, what part of this cycle I believe BITCOIN is in!
⚡️This image will help⚡️
See that market cycles tend to be similar, a saying goes that the story is not the same, but it rhymes... Anyway, we have BTC reacting well in 2023 and with the interesting graph, I currently believe that the market is in disbelief this is disbelief many are denying reality when they look at BTC in 2023, looking for narratives for some chaotic context, honestly in my opinion we are at this level of disbelief, and that we may have more corrections, but I cannot deny that I am very optimistic for the BTC in the medium and long term!
I still think that we can have proportional corrections of the last impulse or even moments that will generate fear and uncertainty in the market, but I think we have a well established bottom in the 16k zone, I don't have a crystal ball to predict the future, but the dynamics should be followed, no matter the narrative, if the price is in an uptrend, the focus is on buying corrections for new high Swings, and looking for sales preferably on the intraday. And of course, if you are in a downtrend, the focus is on selling impulses in search of new bearish Swings, looking for purchases preferably on the intraday.
I know that looking at the cycles with a long-term view helps, for this reason, look at this cycle again, and think about the market sentiment, if you try to buy good news, unfortunately the price will already be higher... So have a plan to accumulate BTCs for the long term, and if the focus is on the long term, make the purchase and focus!
Some studies that I published that are still valid and that are complementary to this one.
💲BITCOIN💲 And its power of multiplication in a bull market!
⚡️I hope I can contribute to my friends' reading if you liked it, leave your BOOST 🚀 to support my work!
💡Some say: "If I had bought BTC during the pandemic, or 5 years ago, even 10 years ago, it would be a good buy". But they still don't buy today!
🌳Remember that for you to harvest, at some point you will need to plant! 🌳
🌳"The best time to plant a tree was 20 years ago. The second best is now"🌳
Don't forget to leave BOOST and follow my profile to receive more content like this!
🚨Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
🚀TELEGRAM🚀
Comunidade Free
t.me/powerinc
Site 🌍 powerinc.trade
🔷Abra sua conta na BingX e apoie meu trabalho!
bingx.com/partner/powerinc
Na BingX, você pode operar criptomoedas diretamente pelo TradingView✅
Comunidade Free
t.me/powerinc
Site 🌍 powerinc.trade
🔷Abra sua conta na BingX e apoie meu trabalho!
bingx.com/partner/powerinc
Na BingX, você pode operar criptomoedas diretamente pelo TradingView✅
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.