A1ex_Crypto

A1ex_Crypto

There's a myth that the market needs to "shake out" longs through a dump before a strong upward movement occurs. Nvidia's stocks surged from $145 to $470 without any significant pullbacks. What's the situation with BTC today? The trend is upward. The price is trading near the highs of the previous cycle. Bitcoin also doesn't have to crash to $30K or below.

A1ex_Crypto

Over the past year, Bitcoin has four times exhibited a sixty-day cycle pattern followed by a strong momentum move. One downward movement against three upward movements. Which direction will it move in this time?

A1ex_Crypto

After #BTC breaks the local trendline, the decline will accelerate, extending to the global trendline. Subsequently, a rebound will occur, returning to the trendline, followed by a downward breakthrough with an acceleration in the fall. The overall target is $25,000 - $20,000. Let's call this a 'shakeout'.