After a massive correction and volatile period, bitcoin has started a new phase: A Sideways Period.
A sideways market occurs where the price trend has been experiencing neither an uptrend nor a downtrend. Instead, the price activity has been oscillating between a relatively narrow range without forming any distinct trends.
We can accumulate close to the 0.5 FIB of the last uptrend, close to 9000 level. Price will oscillate between 10500 resistence level and 9000 support FIB levels. We expect the sideways period to last until de end of march,
Accumulate on the dips!
Cheers.
Renan
All comments are welcome!
A sideways market occurs where the price trend has been experiencing neither an uptrend nor a downtrend. Instead, the price activity has been oscillating between a relatively narrow range without forming any distinct trends.
We can accumulate close to the 0.5 FIB of the last uptrend, close to 9000 level. Price will oscillate between 10500 resistence level and 9000 support FIB levels. We expect the sideways period to last until de end of march,
Accumulate on the dips!
Cheers.
Renan
All comments are welcome!