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I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
Bitcoin Bears have been in Complete Control Since November 2021 (+60% Correction so far) Seems like Bitcoin is Bottomed out & this is the last DIP Before #BullRun2023
Bitcoin has been Consolidating in EXPENDING TRIANGLE Since January 2021.
BTC Closed above the 200 Weekly MA, This is good news for the bulls.
Keep in mind that Always wait for Breakout & Candle to Close for Confirmation.
This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section.
Thanks for this idea. Let's see whether it's "buy the dip" or rather "sell the rip" 🙃
wargolynch
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If you count the wicks (important), the downfall can extend the whole year to 12k while still respecting the lower trendline, especially with 75' like inflation. As a comparison, think of the June 18' falling wedge without counting Ferbruary 18's wick. The monthly MA100 could become the new normal. Still, bullish pattern long term.
CRYPTOMOJO_TA
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@GreenValleyTrading, I agree
SwallowPremium
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Good description, what do you think how far btc will go before next uptrend?