BTC: Makaveli 🦍 Trader & April dump video(Is The DUMP OVER yet?
The all time BTC Bull channel is broken😱😰This Video is a full analysis on Monthly, Weekly, Daily and 4hrs chart price action update. Thank you for your constant patience and supports.
The Monthly chart is still very bullish as well as the weekly chart but the daily chart is experiencing the first big deep pullback, The 4hrs chart is to an extend experiencing distribution stage in price cycle, this distribution stage is yet to break down as it is yet to hit the major support at $42k to $38k area.
In this video I explained the current market action on Bitcoin and why we are experiencing this dump using price action strategy showing how Price life cycle affects each timeframe and why.
here is what the distribution stage look like on 1hr chart
while the Monthly chart is just starting the Bull season also known as uptrend, The lower timeframe is playing the down trend or bear season festival for bears and this is what it looks like
The video contains more explanations on the price life cycle or market cycles with live illustrations on the current BTC Market.
I still see a possible bounce to $56k to $60k, This is not a time to be afraid if you trade spot, be patient, this will clear out but you will need to hold for at least 3 to the next 6months, my advice is to save up and buy more on this pullback because This is an opportunity to buy it cheaper😳 instead of 65k🙄😰 Believe me when I say, BTC will see 100k but don't be greedy Pullbacks are normal in every timeframe and monthly chart is not an exception.
If you find this helpful, support me with you likes that's enough to make me 😊Smile(Thank you 😃)
The Monthly chart is still very bullish as well as the weekly chart but the daily chart is experiencing the first big deep pullback, The 4hrs chart is to an extend experiencing distribution stage in price cycle, this distribution stage is yet to break down as it is yet to hit the major support at $42k to $38k area.
In this video I explained the current market action on Bitcoin and why we are experiencing this dump using price action strategy showing how Price life cycle affects each timeframe and why.
while the Monthly chart is just starting the Bull season also known as uptrend, The lower timeframe is playing the down trend or bear season festival for bears and this is what it looks like
I still see a possible bounce to $56k to $60k, This is not a time to be afraid if you trade spot, be patient, this will clear out but you will need to hold for at least 3 to the next 6months, my advice is to save up and buy more on this pullback because This is an opportunity to buy it cheaper😳 instead of 65k🙄😰 Believe me when I say, BTC will see 100k but don't be greedy Pullbacks are normal in every timeframe and monthly chart is not an exception.
If you find this helpful, support me with you likes that's enough to make me 😊Smile(Thank you 😃)
