I published this to my members last weekend.
I HODL a sizable position, more than happy to be wrong or to see an upside move that resumes the parabolic trend.
However, I still feel we have not seen enough pain and consolidation here. The next 60-day Cycle Low is a month away and I see the potential for a huge flush there to mark the bottom of a 4-month bear market.
"Time" will tell!
I HODL a sizable position, more than happy to be wrong or to see an upside move that resumes the parabolic trend.
However, I still feel we have not seen enough pain and consolidation here. The next 60-day Cycle Low is a month away and I see the potential for a huge flush there to mark the bottom of a 4-month bear market.
"Time" will tell!
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Main point of Cycle's are the LOW's (Trough). Less a short term prediction, more about the need to form a deeper low in March than anything else.
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So that Feb 20th $11,785 high, that should be it. If Bitcoin rallies back from and exceed, I have to believe bearish case is OVER!