If Bitcoin starts its accumulation phase now, are you prepared?
Today I decided to put some more thought about the
BTCUSD
lifecycle since its inception, and came across a pattern I hadn't realized before.
Post its bull run phase,
BTCUSD
entered a long accumulation phase that brought it down towards the Weekly support line, where it stayed for a good while.
Based on what we're seen right now, this has become a possibility, although I don't dispute positive news could change its course.
My question to you as a trader is: If
BTCUSD
repeats itself and retraces back to ~$9k, are you prepared?
I'm keen to hear your thoughts.
See you around!
A.
BTCUSD
lifecycle since its inception, and came across a pattern I hadn't realized before. Post its bull run phase,
BTCUSD
entered a long accumulation phase that brought it down towards the Weekly support line, where it stayed for a good while. Based on what we're seen right now, this has become a possibility, although I don't dispute positive news could change its course.
My question to you as a trader is: If
BTCUSD
repeats itself and retraces back to ~$9k, are you prepared? I'm keen to hear your thoughts.
See you around!
A.