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BTC BEAR MARKET CICLE 2022
Just drawing at BTC monthly chart.
First: there's a colossal ascendig wedge diverging from descendig volume;
Second: The average of percentage and number of days from last two bearmarket cicles, combined with fibonacci retraction (61.8%) also indicate that we could see price hit 10k level before start a new bull cicle.
Not a financial advice but take care with this possibility. Play defense game until you see a confortable risk/reward oportunity even it takes almost all long 2022.
First: there's a colossal ascendig wedge diverging from descendig volume;
Second: The average of percentage and number of days from last two bearmarket cicles, combined with fibonacci retraction (61.8%) also indicate that we could see price hit 10k level before start a new bull cicle.
Not a financial advice but take care with this possibility. Play defense game until you see a confortable risk/reward oportunity even it takes almost all long 2022.
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