2 days ago I posted a chart with the idea that bitcoin could dump even further due to the formation of an adam and eve pattern. This pattern seems to be unfolding and so here's a chart update. My expectation is a dump further towards 16k. I also believe that this is the bear market bottom. I am going to open a long position around this 16k level which I will keep open until the next bull run, which I expect in 2024 / 2025. This long position around 16k will therefore become a position that I will keep open for the long term.
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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.