Update on Weekly SpringBoard
Bitcoin always creates bullish divergence on the weekly time frame before a macro shift in momentum , it can take years to build this springboard setup.
If we take a look at the previous setups we can see that it's a very long process which requires a lot of patience from traders since it's normally a time where price will be most boring in the cycle, a lot of sideways consolidation movement followed by a barrage of negative news.
It's the same every cycle during this period , "Bitcoin goes to 0" these articles start coming out like clockwork , the masses are not interested in Bitcoin right now and that's exactly how market sentiment should be for a cycle bottom.
So Bitcoin is setting up like in 2018 , weekly springboard holding and LMACD same level it was in 2018 cycle bottom , it took 413 days to build this springboard , in the 2015 cycle it took 392 days .
It is possible that we might not even get that big relief rally everyone is waiting for this year, higher chance we see this rally play out from December 2022 -June 2023.
If we take a look at the previous setups we can see that it's a very long process which requires a lot of patience from traders since it's normally a time where price will be most boring in the cycle, a lot of sideways consolidation movement followed by a barrage of negative news.
It's the same every cycle during this period , "Bitcoin goes to 0" these articles start coming out like clockwork , the masses are not interested in Bitcoin right now and that's exactly how market sentiment should be for a cycle bottom.
So Bitcoin is setting up like in 2018 , weekly springboard holding and LMACD same level it was in 2018 cycle bottom , it took 413 days to build this springboard , in the 2015 cycle it took 392 days .
It is possible that we might not even get that big relief rally everyone is waiting for this year, higher chance we see this rally play out from December 2022 -June 2023.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.