BTCUSD (THE BIG PICTURE)
Here is where we are in my opinion coming into halving. Personally, I would not go long bitcoin today, but I am getting ready.
We are closer than ever to the next big Bull Run.
As you can see I highlighted the previous Bear Market and I believe we are in a similar position to the end of the last Bear Market Cycle.
Bitcoin tends to repeat historical patterns.
That being said, I am looking for a 25- 30% correction from this weeks previous high. (9600)
That would put bitcoin around 7000-7200.
If those levels hold. That's where I take a stab at going long.
And if bitcoin repeats itself again. Like it has done many times in the past. Get ready for one hell of a ride.
I believe digital assets are the next big thing in this next generation and decade.
So, be smart.
I will continue updating this chart setup.
Stay safe my friends.
JW
We are closer than ever to the next big Bull Run.
As you can see I highlighted the previous Bear Market and I believe we are in a similar position to the end of the last Bear Market Cycle.
Bitcoin tends to repeat historical patterns.
That being said, I am looking for a 25- 30% correction from this weeks previous high. (9600)
That would put bitcoin around 7000-7200.
If those levels hold. That's where I take a stab at going long.
And if bitcoin repeats itself again. Like it has done many times in the past. Get ready for one hell of a ride.
I believe digital assets are the next big thing in this next generation and decade.
So, be smart.
I will continue updating this chart setup.
Stay safe my friends.
JW
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