The uptrend is still intact and Bitcoin seems to have come down for a liquidity grab sweeping the lows of 41k on the 4th of December.
The accumulation pattern we are seeing is to the day the same pattern as in May and if Bitcoin keeps following this pattern to the day then
we might consolidate for about 3 more weeks to around the 5th of February before resuming the rally.
Continuing forward we have build up liquidity above the horizontal resistances which I would expect to
be taken out before the next major move down where we should reevaluate price action.
Other then that, a lot of Bitcoin cycle top indicators indicate we haven't seen the top yet
which I like to believe we still need to see it.
As for now, nothing changes until something changes :)
The accumulation pattern we are seeing is to the day the same pattern as in May and if Bitcoin keeps following this pattern to the day then
we might consolidate for about 3 more weeks to around the 5th of February before resuming the rally.
Continuing forward we have build up liquidity above the horizontal resistances which I would expect to
be taken out before the next major move down where we should reevaluate price action.
Other then that, a lot of Bitcoin cycle top indicators indicate we haven't seen the top yet
which I like to believe we still need to see it.
As for now, nothing changes until something changes :)
On a macro scale the bullrun is still intact and I'll be looking to buy more between 30-35k BTC.
The central banks are dancing with inflation and the markets. If they let inflation rise too much then society will panic and if they let the markets crash too hard then investors will panic, which they can't afford.
It's only a matter of time before we're continuing again and I'll keep DCA'ing for my investments, to trade long we need to see more confirmation at this point.
Good luck all, we in for a ride :)
Look in comment for chart