The graphic is clear, you just have to see it. I do not give investment advice to anyone. This is my strategy. . . . . . Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. . . . You can support me by liking the analysis.
So sideways until spring 2023 and drop to 10k area in Nov of 2023? You didn’t explain, much but interesting chart.
stephbertalse
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@FreshCrypto, I think it will be between nineteen thousand and twenty four thousand. Then I think that between eleven thousand and nine thousand six hundred will be the bottom. It won't stay there long, but there will be a time for it to accumulate. (Plus is buy, others is sell). In historical analysis, I examined both fibo and historical processes and made curved analyses. It is not investment advice.
FreshCrypto
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@stephbertalse, Yes I could see 18,000 (CME gap) and 24,000 for a few months and then a dropped down to the 10-11k range for a bottom and then sideways for another 3 to 6 months and then start the long recovery process. With all the regulations happening might take twice as long to recover.
stephbertalse
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@FreshCrypto, I agree. A buyer with an average of 13-14k is especially good if it is collected from important places as it falls because we cannot see it with predictable signs.