With our last year or so anyone like myself involved into Crypto have been wondering if or when the Bitcoin price will ever return to any type of high/recovery from the massive lows after the last pump.
After monitoring support resistance and Fib levels for thelast year or so I feel quite confident that $3200 truly was bottom, and that bottom is in.
Obviously no one makes an announcement when the bottom is in for any asset. But I hope you will agree with me here, at least for now on princible.
On this chart we have some relevant Fib related support and resistance levels.
I have shown through simple trend lines that the bear market cycle seems to be completely finished, that we have spent enough time in consolidation mode, and now we are ready to start a new phase of accumilation and re accumilation.
Feedback always welcomed. Beta style strategy from here - Simple Buy and hold for profit is my approach.
Wishing you good luck and I hope your trades stay profitable!
#bitcoin #bitcoinanalysis #bitcoinfuture #btcchart #btcanalysis #btcprediction
After monitoring support resistance and Fib levels for thelast year or so I feel quite confident that $3200 truly was bottom, and that bottom is in.
Obviously no one makes an announcement when the bottom is in for any asset. But I hope you will agree with me here, at least for now on princible.
On this chart we have some relevant Fib related support and resistance levels.
I have shown through simple trend lines that the bear market cycle seems to be completely finished, that we have spent enough time in consolidation mode, and now we are ready to start a new phase of accumilation and re accumilation.
Feedback always welcomed. Beta style strategy from here - Simple Buy and hold for profit is my approach.
Wishing you good luck and I hope your trades stay profitable!
#bitcoin #bitcoinanalysis #bitcoinfuture #btcchart #btcanalysis #btcprediction
Trade active:
Active profitable and making me feel like an absolute King :)
Long term high earner right here.
XOXO MysticCrypto
Long term high earner right here.
XOXO MysticCrypto
