BTC Potential Buy Zones (Only for Long Term Hodlers)
Hi folks, here's the latest mapping of the possible price routes.
I have mapped this analysis for the purpose of looking for potential price discounts to accumulate wealth. This is specially designed for Long-Term hodlers, not traders!
**Kindly note, this is just my personal opinion.
Currently, price is testing 50K price level. If we look back at historical price action, we can observe heated exchange between buyers & sellers.
Although buyers seem to control the price for the time being, price can easily reverse if buyers are unable to break above 50K soon. (exhaustion)
I have plotted 3 possible levels that price can revisit. Each level is plotted taking into consideration the possible scenario (optimistic/neutral/pessimistic)
I will be uploading a youtube video to go through my analysis in greater details. Do check it out, link in my profile.
I have mapped this analysis for the purpose of looking for potential price discounts to accumulate wealth. This is specially designed for Long-Term hodlers, not traders!
**Kindly note, this is just my personal opinion.
Currently, price is testing 50K price level. If we look back at historical price action, we can observe heated exchange between buyers & sellers.
Although buyers seem to control the price for the time being, price can easily reverse if buyers are unable to break above 50K soon. (exhaustion)
I have plotted 3 possible levels that price can revisit. Each level is plotted taking into consideration the possible scenario (optimistic/neutral/pessimistic)
- Optimistic level is met, if price is still rallying but experiencing short-term consideration.
- Neutral level is met, if we consider buyer/seller sentiment (based on price action) and the extend price can revisit in the near future. (30 days window)
- Pessimistic level is met, if price is subtly controlled by large institutions to shake out 'weak' hands for more accumulation first. This is the lowest level with highest probability of continued downtrend. However if we consider the mentality of Long-Term hodlers, it just mean more discount.
I will be uploading a youtube video to go through my analysis in greater details. Do check it out, link in my profile.
YouTube Channel: TraderDex
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