BTCUSD: Potential Correction?
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Hello Investors and Traders,
Happy 1 Trillion Bitcoin!
Bitcoin have been on an absolute tear this year and last year. With that being said, a correction always come and that is the nature of the market. If you look at Bitcoin history, you will noticed that Bitcoin have a major correction after a major run. A closer look and you will see Bitcoin typically have a red month after 5 consecutive green months; beside the time in 2013. But the two most recent times, Bitcoin only went to 4-5 months green back to back.
Not only does this confluence with the 1.618 Fib extension adjusted to log scale. This gives me a high probability that there is a major correction sometime in March and I will be looking to take decent profit off the market. The correction could be the biggest we have seen yet during this bull cycle. It won't be as harsh as last March.
I know there will be people who will say "this time is different". Which is the farthest from the truth. The times are never different because the players are always the same; people.
I believe Bitcoin will be 120k minimum the end of 2021, but taking profits at reasonable levels to buy back lower will only up your Sats.
Let me know what you think.
Happy 1 Trillion Bitcoin!
Bitcoin have been on an absolute tear this year and last year. With that being said, a correction always come and that is the nature of the market. If you look at Bitcoin history, you will noticed that Bitcoin have a major correction after a major run. A closer look and you will see Bitcoin typically have a red month after 5 consecutive green months; beside the time in 2013. But the two most recent times, Bitcoin only went to 4-5 months green back to back.
Not only does this confluence with the 1.618 Fib extension adjusted to log scale. This gives me a high probability that there is a major correction sometime in March and I will be looking to take decent profit off the market. The correction could be the biggest we have seen yet during this bull cycle. It won't be as harsh as last March.
I know there will be people who will say "this time is different". Which is the farthest from the truth. The times are never different because the players are always the same; people.
I believe Bitcoin will be 120k minimum the end of 2021, but taking profits at reasonable levels to buy back lower will only up your Sats.
Let me know what you think.
Ghi chú
Bitcoin is behaving as expected. Looking for Bitcoin to get to 54-63k and slowly starting to scale out up to 50% in cash.
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