Here's a wild thought: I don't think we're out of the bear woods just yet ... that would be too easy. I think in feb we had room to play with, but we are encroaching ever closer to this bear trend line. When I scaled back the chart timeline, I saw that it makes sense to dip towards the 2500 mark or even lower. The monthly for March will come in and it will be red and a big sell sign dropping us to this mark early April and giving us the momentum to buy up and build from there with confidence to collectively run with the bulls May-ish onwards.
@CryptoEngineering, interesting concept. love seeing all three of these. what i find absolutely insane is that you can read that the bottom hit in december and that we are in the consolidation phase ... i think we are right now where BTC was at the end of 2014 ... consolidation before the final drop ... i feel each parabolic macro flow is more evolved and complicated each time, as well. It just would be too easy for it to be over. No way in hell the whales and newly vested institution would let every one get out of the woods so cleanly. They WANT to dip the price to buy cheap. As do I. I still think: alt season will put us into a bull trap fake out into lower support, and then late march, more likely early april (after the red and yellow monthly MA cross), we will visit the 2000s. then we visit the moon, baby
CryptoEngineering
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@llegendd, 100% agree with you. BTW, We need a TETHER FUD to taker BTC below $3200 otherwise, I am saying that $3200 is the bottom.
As I mentioned on my post, When bear markets are near the bottom, the great majority of advisory letters will usually be bearish . Near market tops, most will be bullish . The majority is usually wrong when it’s most important to be right. Never fight the market—it’s bigger than you are. The key to staying on top of the crypto market is not predicting or knowing what the market is going to do.