The Last 60-day Cycle Low expectation I published two months back hit to the very day. We have a Cycle Low exactly on the 60-day mark.
Time for the bulls to take back a little control and begin to drive price higher. Don't get excited however, ebb and flow of markets simply means the bulls will have short term momentum as the pendulum swings in the other direction.
I also believe there is a good chance we see a trend-line break, an indicator that is too heavily followed by participants and will lead to some excessive bullish sentiment again.
Look, this is Bitcoin...anything is possible and a bull market resumption is always a possibility. But understand that bear markets are also a necessary process within any "secular" bull market. And after a 20x parabolic rally, i doubt we're going to see a bear market end in just 1.5 Cycles or 90 trading days. Always fine with being wrong, my trading allows for it! Best case for the bulls IMO is the one I laid out on the chart, mostly a sideways consolidation into the next big Cycle Low scheduled for mid May.
Happy Trading. Remember, make sure you're #HODLing some off line and not touching it, regardless of price declines.
Time for the bulls to take back a little control and begin to drive price higher. Don't get excited however, ebb and flow of markets simply means the bulls will have short term momentum as the pendulum swings in the other direction.
I also believe there is a good chance we see a trend-line break, an indicator that is too heavily followed by participants and will lead to some excessive bullish sentiment again.
Look, this is Bitcoin...anything is possible and a bull market resumption is always a possibility. But understand that bear markets are also a necessary process within any "secular" bull market. And after a 20x parabolic rally, i doubt we're going to see a bear market end in just 1.5 Cycles or 90 trading days. Always fine with being wrong, my trading allows for it! Best case for the bulls IMO is the one I laid out on the chart, mostly a sideways consolidation into the next big Cycle Low scheduled for mid May.
Happy Trading. Remember, make sure you're #HODLing some off line and not touching it, regardless of price declines.