High timeframe: Where to buy BTC before the 4. halving?
I'm expecting some kind of crash event before the 4th halving (currently expected for the 22nd of April 2024), similar to what we have seen back in 2020 with the 'covid crash' 9th of March.
The market is weak, good news don't have a lasting effect and I expect BTC to leave the current trading range (~6 months) downwards sooner than later.
I still think the bottom of the cycle is in (~15.500$) so where is my current HT buying zone?
Two strong support levels on 21.830$ - 19.291$, therefore the closer BTC moves towards 20k $, the more I'll buy, *hoping* for peaks down to 17.560$.
In case BTC breaks below 15.500$ (current bottom imo) I'll shit my pants because it would invalid my meta idea of where the market is moving, but will sell house and horses at that point. I think it's highly unlikely we'll ever see those levels again except some kind of global catalyst event like a Russian tactical nuke in Ukraine or a similar catastrophic disruption.
The market is weak, good news don't have a lasting effect and I expect BTC to leave the current trading range (~6 months) downwards sooner than later.
I still think the bottom of the cycle is in (~15.500$) so where is my current HT buying zone?
Two strong support levels on 21.830$ - 19.291$, therefore the closer BTC moves towards 20k $, the more I'll buy, *hoping* for peaks down to 17.560$.
In case BTC breaks below 15.500$ (current bottom imo) I'll shit my pants because it would invalid my meta idea of where the market is moving, but will sell house and horses at that point. I think it's highly unlikely we'll ever see those levels again except some kind of global catalyst event like a Russian tactical nuke in Ukraine or a similar catastrophic disruption.
Comment:
Inflow of BTC to centralized exchanges increased over the last weeks which might be another hint that BTC will correct soon: www.tradingview.com/...r-a-major-down-move/
