Just a reminder we already had 3 small divergences within 1 bigger divergence back in 2017 cycle which took us from 5k down to 3k in just 2 weeks before starting the biggest bull market from 3k up to 18k
Current 2021 cycle may take us from 50k to 30k and then up to 180k or 240k. Who knows.
An idea I have been entertaining.. I still feel like 35k is a nice place for correction but I have this weird sense that this could be happening So I posted the idea for comments.
What you think. But the divergences u speak of. We talked about few times before. Everybody says it's going up but me and you still keep an open mind about the correction. But here ya go
ThinkLikeaWhaleTLAW
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And yes ive stood by 35500 as the real pullback.
Even though tend to think that 48k may end of holding.
Just that weird sense we have a nice correction coming as well. Hard not to forget 2017-2018. If you lived thru it once.
Plus with bond yields. Vaccine rollout going full speed I personally feel all the hedges against inflation will soon have a pretty nice correction in store.
Gold silver bitcoin.
neyus
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But 2018 was just bear market lol ... Take profit whenever possible guys!
ChangoMan
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@neyus, end of 2021 and entire 2022 will be bear market, we still bullish for now even after coming correction, corrections are for buying more
ThinkLikeaWhaleTLAW
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@ChangoMan,
Agree 100% all these healthy pullbacks.
Chopping season right now.
Great times to play the swings to accumulate.
Accumulation phase between 48k and 57k.
What you think?
Also do u have a Logarithmic chart I can look at?
One that goes to Dec 2021.
I dont have the tools to create
Great analysis as always. With detail to always remember history👍
ChangoMan
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@Legalizedhustler search on YouTube for thebitcoinfamily this guy has really nice charts on every video go straight to Tech analysis part, dont watch whole video