Hello WORLD
From the charts you can see three distinct colors, green, blue and dotted yellow. First off the green is telling us of a M pattern. Next we have blue telling us of a W pattern. Finally, we have the dotted yellow which is a falling wedge. The green tells us of a bearish pattern if it does indeed play out, it will fall below the 3,000's. Personaly I do feel that the M pattern will not play out but the low will still be in the mid 3,000's. From the blue and yellow, it tells of another story. From the outlook we see that the blue and yellow both forms a bullish outlook. Either way you look at it, bitcoin will still be falling until it hits the mid 3,000's and from there it will rise up again but only to form a accumulation zone between 11k and 3k. If you cannot see the accumlation zone, look more closely and the pattern is there.
So when will bitcoin moon and leave beind the fiat behind? When bitcoin moves beyond the upperband of the bollinger band and yes that will take some time. Who knows, maybe the next round after the next bottom comes in we might see it. If not, prepare to be in an accumulation zone until bitcoin zeros out or until the vast majority of the world population is sick and tired of the fiat controlled by the governement and actually gives into cryptocurrency.
As always, do your own research and this is not any attempt to give signals for a buy or sell signal.
From the charts you can see three distinct colors, green, blue and dotted yellow. First off the green is telling us of a M pattern. Next we have blue telling us of a W pattern. Finally, we have the dotted yellow which is a falling wedge. The green tells us of a bearish pattern if it does indeed play out, it will fall below the 3,000's. Personaly I do feel that the M pattern will not play out but the low will still be in the mid 3,000's. From the blue and yellow, it tells of another story. From the outlook we see that the blue and yellow both forms a bullish outlook. Either way you look at it, bitcoin will still be falling until it hits the mid 3,000's and from there it will rise up again but only to form a accumulation zone between 11k and 3k. If you cannot see the accumlation zone, look more closely and the pattern is there.
So when will bitcoin moon and leave beind the fiat behind? When bitcoin moves beyond the upperband of the bollinger band and yes that will take some time. Who knows, maybe the next round after the next bottom comes in we might see it. If not, prepare to be in an accumulation zone until bitcoin zeros out or until the vast majority of the world population is sick and tired of the fiat controlled by the governement and actually gives into cryptocurrency.
As always, do your own research and this is not any attempt to give signals for a buy or sell signal.