Bitcoin will touch its golden pocket, which is its current strong support zone, 2 more times before March 25th in order to get prepped for Q2s impulse towards a new high.
You can See on the markings that BTC bares a similar pattern to what took place from May 19 2021 through the last bit of July. This Crabish time period showed us that after the first drop to the strong support, the market allowed BTC to touch that same support zone 2 more times within a 60 day period, in which it catapulted into a new rally afterward.
The BTC rally from final support touch at the end of July 2021. created a momentum that until the peak Nov 10th, followed by a decline in which my chart notes the cycle ended around jan 22-24, which turns out to be the new floor for the current crab we are in.
With BTC and crypto having more exposure than ever, It seems ridiculous to follow paths from previous years that never experienced what BTC and alts are doing now. The only relevant year for all crypto to follow would have to have started from this bull run that we are still in. A run that started back in March 2020 from the final drop point of its bearish cycle after the 2017 run. If you see my green trend line, it references back to that march 2020 date, and signifies that we have yet to go under that trend line, let alone test it. Well to keep this cycle true to a bull, we must not break under that trend line, and the March 15th tax hike decision that the fed will make might play a major role in telling us which way the market is gonna go. I personally think the FED will not stop inflation until there is a new POTUS, so expect the decision to not happen at that date, and expect the next impulse of this great crypto we call BTC.
Every Cryptocurrency Follows Bitcoin, because in the crypto galaxy, Bitcoin is the SUN, and the alts must keep orbit around the largest celestial body around.
You can See on the markings that BTC bares a similar pattern to what took place from May 19 2021 through the last bit of July. This Crabish time period showed us that after the first drop to the strong support, the market allowed BTC to touch that same support zone 2 more times within a 60 day period, in which it catapulted into a new rally afterward.
The BTC rally from final support touch at the end of July 2021. created a momentum that until the peak Nov 10th, followed by a decline in which my chart notes the cycle ended around jan 22-24, which turns out to be the new floor for the current crab we are in.
With BTC and crypto having more exposure than ever, It seems ridiculous to follow paths from previous years that never experienced what BTC and alts are doing now. The only relevant year for all crypto to follow would have to have started from this bull run that we are still in. A run that started back in March 2020 from the final drop point of its bearish cycle after the 2017 run. If you see my green trend line, it references back to that march 2020 date, and signifies that we have yet to go under that trend line, let alone test it. Well to keep this cycle true to a bull, we must not break under that trend line, and the March 15th tax hike decision that the fed will make might play a major role in telling us which way the market is gonna go. I personally think the FED will not stop inflation until there is a new POTUS, so expect the decision to not happen at that date, and expect the next impulse of this great crypto we call BTC.
Every Cryptocurrency Follows Bitcoin, because in the crypto galaxy, Bitcoin is the SUN, and the alts must keep orbit around the largest celestial body around.