BTC has been trading under the same range for the last 9 months. Traders are bored nad many are leaving.
I will share my plan in very short for 2023 and how I am preparing for the next BULL RUN!
History doesn't repeat but it often rhymes. This time many geopolitical and fundamental situations have hindered Bitcoin's price developments.
THIS IS MY OBSERVATION AND PLAN!
1. BTC is likely to move under the range of 16k to 30k for the next 17 months.
2. You'll see 40%+ month;y candles too.
3. The damage has already been made so even if BTC makes a new bottom it will be somewhere between $11634 to $13860. IMHO, It will be the opportunity of a lifetime.
4. December month has been very important for Bitcoin's price developments. As per the above chart, THE ACCUMULATION PHASE HAS BEGUN!
5. This is not the time to be a BEAR, but Rather be a practical trader, and think like an investor.
6. MY Plan is to accumulate BTC as much as I can from my other investments and passive sources.
7. Trade on Futures with less than 5% capital for frequent market updates and charts.
8. BTC is likely to hit 30k + by May 2024 before it finally takes off.
9. For 2023 I see BTC reaching 30k by EOY even if we hit 11k! (Decent target)
10. Good thing you have a lot of time to accumulate BTC at sub 20k!
11. This is a filtration process make sure you are positioned.
WHAT DO YOU THINK? Do let me know your thoughts!
Thanks for all your support throughout 2022. Expecting the same in 2023. I wish you all and your families a very happy and prosperous new year.
Also do not forget to hit the like button.
#PEACE
Trade active
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BTC UPDATE: Second consecutive daily closed in green and printing hh. Looks beautiful so far. Expecting the price to hit the 17k mark+ within this week.
I have been seeing this similar chart and analysis for over a year now and one big take away I am getting even though I am bullish on Crypto is that BTC is really losing its momentum as it ages and hopefully the rounding long term top does not end up rounding down after the next cycle.