derronpocci

BTC Consolidation Period

Long
COINBASE:BTCUSD   Bitcoin
BTC Consolidation Period, Looks like were set to bounce around $11k - $13k for 2 -3 Months while the markets wait for the next move. Long term trades (6 months - 1 year) would be a good entry point right now. You might be lucky enough to get some more BTC at $10,000, but honestly is the extra 10% return worth missing out on 60%+?

If BTC only goes back to $20k ATH and then goes into the next bear market, do you think the risk of a long entry of $10k vs $11k is that critical?

...Crypto Market Cap WILL ONLY INCREASE. 5 year holders will realize how much buying power they truly possess. Holder's through the NEXT Halving will AGAIN BE REWARDED FOR LONG TERM PATIENCE & CONTROL

RSI Confirmed over extended on Bullish Price Action
- does this confirm a strong bull? Or a correction is soon?

Green Dot Line - Support line from 2019 support/resistance around $11k
Red Dot Line - Resistance from around the same period in 2019 around $13k
Every "$1,000" is a new price discovery benchmark that crypto seems to follow

Yellow Dot Line - Trend Since Inception, Only fell below this 2 or 3 times, with a quick recovery. $10k BTC is the cheapest you will find it for awhile.
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