AlanSantana

πŸ…±οΈ Bitcoin 2-4 Months... We Are Two Months In... Liquidity

Short
AlanSantana Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
If the entire bearish wave takes a total of 4 months, we have only two months left before the whole move is completed. But the wave doesn't necessarily lasts 4 months, it can last 3 months or 6 months but not two. Can't be two because 14-March was the top and we are beyond 2 months already into the bearish wave.

Now, this is what I've been sharing with you for a while...
This is my understanding of the signals coming from the charts and market dynamics.

While this is technical analysis and truly focused mainly on the chart; fundamentals, sentiment, feelings, emotions, the stars (Astrology), related markets, geo-politics and the rest, are all considered for the final conclusion.

If Bitcoin produces a new bottom low now, it would still take months to recover.

Prices "recovering" and moving back up after a long-term higher low is extremely bullish.

Just as it can take 2 months to move from $74,000 to $60,000;
It can take 2-3 months to move from $30,000 to $60,000 (down from up) or more.

This is to say that it can take a while before Bitcoin moves to new highs if a major correction shows up.

This is still an "if" because even though I have a high level of confidence in my analysis, I can be completely wrong.

βž– The fact that Bitcoin has been bearish for two months but still trades above 60K, can be considered a bullish signal. Other bullish factors such as the recent growth wave works against the bulls.

The market tends to fluctuate between down and up and thus strong bullish action has bearish potential at the top, while strong bearish action has bullish potential after a new low.

If Bitcoin turns bullish, we also turn bullish; that's for sure.

πŸ‘‰ Bitcoin for us goes bullish above $74,000 on a daily basis, with confirmation needed on a weekly basis.

πŸ‘‰ Any trading below 70,000 is ultra-bearish.

βž– The longer Bitcoin trades below this level without challenging it, the weaker it becomes.
βž– The longer Bitcoin fails to challenge the last high (ATH), the stronger the bearish bias and potential.

It is likely that Bitcoin will not grow next... Remember the expert, he said Bitcoin would range between 55-75K. This is not possible because the All-Time High is 74K.

You cannot range above the range and thus we know what comes next.

Ask yourself:

βž– Where do these people get this information?
βž– Is there anything to back such claim?

The fundamentals are great, yes; we all love Bitcoin but, the fundamentals is what pushed Bitcoin up to 74K. Now that the fundamentals wave is exhausted, the market moves the other way.

New players are desperate to join, I get messages everyday.
People want to buy Bitcoin but it is too expensive and the market wants them to play.

Remember the word "liquidity" ... Where is the liquid?

Where is the money?

Wherever the money is, that's where the energy will go.

Liquidity is down now and so... Down we go!

Namaste.
Comment:
Major crash incoming... Prepare!

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