Keep in mind that flash dumps are possible before uptrend. Bullish flag pattern only becomes valid on firm breakout of downward wedge we are currently in. Candles can be in any place within green bubbles which account for flash dumps, minor to moderate price manipulation and bull run itself.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
If your goal is to play a pump and dump bounce, best of luck to you. Stay objective folks. This level of analysis seems devoid of reality. Everyone said I was insane to call Bitcoin at 3K about six months ago. Now, i'm saying 1K is more likely long-term given the technical set up.
NTEC
⋅
I have wondered. I've at certain points also convinced myself that we'll be doing a fractal repeat of Bitcoin's history. Then I realized that would lead to an absurd valuation for BTC. Quantum computing is right around the corner. In the race to achieve widespread use before the technology becomes obsolete, Bitcoin is going to lose. There's not enough time to get there and too many opposing forces at play. We're not in a bull flag, we're inside of an elliptic curve. This presents us however, with what might be one of the greatest financial opportunities to ever come twice. Once BTC hits it low, whatever that might be, we will have another bull run, we might even be able to reach our previous high. But that cycle is going to take several years. And it will require that most of the population forgets about Bitcoin altogether. The bull run likely won't come until after the next halving. It will start off slow, and it won't get noticed until we're at about where we are now in price. Now is not the time to HODL, now is the time to carefully prepare to maximize on the next cycle: