Bitcoin at extremely oversold levels
Updated
Okey, forming bull div at weekly (6 months), everyone screaming for lower levels, macro and etc.
Note
Daily volatility last 2 weeks is dead as fuck, less than 1% volatility. Everyone losing hope, selling, exiting market and etc.Note
We even got black swan events, and ppl still believe we are not near the bottom. Okey I can be wrong, but here the R:R is extremely good for long (spot)Note
Tbh I believe we are near the bottom, but I don't have clue how much time we can stay here. Probably I guess we can stay weeks/months or pump very soon.Note
For me is likely to squeeze shorts in Q1 or Q2 / 2023 or even to see blow off top above 100k (50% chance).Note
I expect in 2023 to pump to $40-60k then I don't have clue if we back again to this levels or just we start new bull market.Note
From halving perspective the new bull market could be late 2024 to 2026, but I think this is not gonna work anymore because everyone expect it, to come 2024 at halving, buy and just make 10x.Note
Because of halving idea that's the next bull market must be 2024-6, I wouldn't be surprised if we see blow off top in 2023 because of this nobody expect it. Something like Corona crash, but nobody know. Just sit boys, buy bitcoin and let's see what will happen.Note
I know it's hard but as MAN we need to do it nevermind how we feel. I don't have idea how we can make money even in real world except if we are scared to buy BITCOIN at historical low levels.
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