Bitcoin, as I had posted Nov 28, 2021 which I thought could be an accumulation zone because the bull trap is possibly coming to fruition. The prices are telling me that we are in a small and narrow channel in the 4H time frame and on the intra day chart I believe it is a bearish flag to continue the downward movement towards 30k. For me, I see that bitcoin will be the same year from 2018 to 2020 in which we are in an accumulation zone (symmetrical triangle). BTC.D data from tradingview shows us that Bitcoin dominance is at the bottom showing that altcoins session will come back strong. This year will be the year to accumulate btc and make some exchanges with altcoin(metaverse, web3). I don't know when this accumulation will end, but I believe it will end in the year 2024 with the next halvin. there we will probably see btc at 100k upwards.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
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