There is still a long way to go before we see another bitcoin run like the previous one.
BTC is in a downtrend and, it is also under 200 MA (which is a massive bearish indicator)
Bullish scenario:
1. Pennant pattern breakout
2. Cloud reversal (kumo cloud twist)
3. Price above cloud
We'll be sure we are in an uptrend when the price is above the 200 MA for at least a couple of weeks.
Bearish scenario:
A breakdown of the one-year uptrend.
Lower lows (price under 6k$), and then it may go to around 3k$ to 4k$. (Which will happen for a couple of hours, max.) - my opinion
My strategy:
Winter is here, and it is the best time to accumulate the coins you like the most.
Don't buy all at once. Buy at different prices (buy every week, every month)
BTC is in a downtrend and, it is also under 200 MA (which is a massive bearish indicator)
Bullish scenario:
1. Pennant pattern breakout
2. Cloud reversal (kumo cloud twist)
3. Price above cloud
We'll be sure we are in an uptrend when the price is above the 200 MA for at least a couple of weeks.
Bearish scenario:
A breakdown of the one-year uptrend.
Lower lows (price under 6k$), and then it may go to around 3k$ to 4k$. (Which will happen for a couple of hours, max.) - my opinion
My strategy:
Winter is here, and it is the best time to accumulate the coins you like the most.
Don't buy all at once. Buy at different prices (buy every week, every month)