4th july 22'. 'Murica!. Seeing this on the daily. Seems pretty textbook to me.
Cant really see any indicators that btc, the general markets, or economy, has bottomed yet, so this makes perfect sense to take us to somewhere near the floor over the next couple months.
The previous halving macro cycles show that the top to the bottom typically takes about a year. (around 406 days 1st halving cycle // around 364 days 2nd halving cycle) This would work out at around 300 days from the November 21' top. So, I wouldn't be surprised by a month or two of sideways movement even after this plays out. I expect to be heavy accumulating from somewhere near the end of this month all the way until the end of the year.
The Binance volume chart shows we had major green volume days on the 12 May, and then again on the 15th June, barely shifting the price up at all. Both candles bodies are super tight. Where as, the next 2 biggest volume days in that period were both red days, and they moved the price significantly. Both candle bodies are huge. Macro & micro indicators adding up. Could be wrong. I'll check again later in the month.
:)
Cant really see any indicators that btc, the general markets, or economy, has bottomed yet, so this makes perfect sense to take us to somewhere near the floor over the next couple months.
The previous halving macro cycles show that the top to the bottom typically takes about a year. (around 406 days 1st halving cycle // around 364 days 2nd halving cycle) This would work out at around 300 days from the November 21' top. So, I wouldn't be surprised by a month or two of sideways movement even after this plays out. I expect to be heavy accumulating from somewhere near the end of this month all the way until the end of the year.
The Binance volume chart shows we had major green volume days on the 12 May, and then again on the 15th June, barely shifting the price up at all. Both candles bodies are super tight. Where as, the next 2 biggest volume days in that period were both red days, and they moved the price significantly. Both candle bodies are huge. Macro & micro indicators adding up. Could be wrong. I'll check again later in the month.
:)