I believe that the time window of long-term purchases for BTC is open, I see that the asset is in a downtrend, but I believe in an accumulation phase between these two VWAPS plotted below. This accumulation on top of VWAP has occurred in previous cycles, as well as the famous support at the MA 200.
I also note the RSI as an important indicator within each BTC cycle, this indicator has apparently found an extreme and is now seeking a reversal!
Note that whenever BTC came below the 30 band on the weekly RSI and soon after it surpassed the RSI moving average, it consolidated for a while and after that reversed its downtrend, starting a new BULL RUN!
So I see as a long-term buying opportunity, not only BITCOIN but also many ALTCOINS, considering the risk asymmetry!
These studies are in line with analyzes done previously!
⚡️I hope to be able to contribute to the reading of friends, if you liked it, leave your BOOST and if you have any suggestions, leave them below in the comments!
🔴Disclamer: The comments above reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss tactics and operational techniques.
🔹 Would you like to ask any questions? Feel free, I'll be happy to help.