skd1

Maybe close to bottom

Long
INDEX:BTCUSD   Bitcoin
Using a relatively simple but power approach with Fibs at the monthly linear chart of Bitcoin, with its prices closed, we should spot the level we are near to. Slightly above fib 0.786 which is an actual deep correction for the asset like Bitcoin and powerful support. The interesting part is that the bottom of the bear market in 2018-2019 was exactly at that level and the bottom in 2014-2015 was formed similarly. It is possible we can shortly wick to 13-14K, if ever, but this is definitely an intriguing zone for accumulation and DCA, for this eventually might turn out to be around bottom if history rhymes.

Happy New Year to the community! :)
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