We are still consolidating into the tip of the .
I still think the Buy Zone is lower into the $6100 area.
trend is still in channel. Rebound off top channel indicates short-term downtrend consolidation where I will look to buy if possible.
Current overall Daily trend is . Next trend is . I think we will get very low on Trend Dots before any parabolic move.
Long term (yellow) shows we should not go below $6k EVER.
I will buy anywhere under $7k with wishful orders scattered in the $6k range.
Outer Space chart mentioned
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Sources below –
Modeling Bitcoins Value – shows halving has positive affect on price every time. Rainbow chart confirms we are at the low. Accumulate anywhere $7200 and below. $6900 is current low which may go AS low as $6200. I do not see lower than $6200. If your time horizon is 1-2 years, this is 2x or more.
You can also see my Bitcoin Outer Space chart (showing longer view)