Hi, hope you are doing well.
Bitcoin Local uptrend has been confirmed and will be ultra strong after break of $34,840.
How we can saying this?
Bitcoin is currently consolidating before the net move.
Bitcoin Local uptrend has been confirmed and will be ultra strong after break of $34,840.
How we can saying this?
Bitcoin is currently consolidating before the net move.
If you are in this game for the long-run, you are wise to know that the market moves in cycles, red and green.
We have long-term cycles
If a major crash is ahead, we will call it or consider it just what it is, another bearish wave.
if a major crash is to happen it should come after March (late March) or late April... The best we can do is maximize profits now and be prepared.
The only reason why Bitcoin is not at $28,000 right now moving to $31,000 is to wait for the altcoins.
As Bitcoin goes sideways the altcoins grow, standard procedure remember?
The only time the altcoins grow is when Bitcoin goes sideways.
Previous bull-markets we would all be clear and even joke about the altcoins dropping when Bitcoin moved up and crashing when Bitcoin moved down. Only when Bitcoin goes sideways within a bullish wave would the altcoins grow
Look back at Bitcoin in August 2015 after we hit a new low... "No volume".
Move forward and look to mid/late 2017... High volume .
Look back at Bitcoin in December 2018 after a strong low was hit... "No volume".
Move forward to 2020 and see volume start going up.
Look back to Bitcoin in January 2023... "No volume".
Move forward to mid/late 2025... High volume while Bitcoin is trading at $180,000 to $222,222+.
It is easy to be fooled by "no volume" when looking at this indicator out of context.
High volume never happens at the bottom nor on the first wave, the highest volume happens always on the third wave.
Happy Trading...