Dear people,
It is that time of the year where everyone wants crypto to go up forever.
But if we let realism sink in, deep down we know there is a lot of time left before the halving.
Yesterday i posted the orange circle, that is where i believe we are at right now if we compare to the previous cycle. We just had the mini bull run and now we refuse to go down again as we want to go up foreever.
Today i present to you my green buybox for BTC.
If we look at the previous cycle a low was made 150 days prior to the halving, and the covid crash was 60 days before the halving, so timewise that is the window that i am looking at.
Pricewise we can see BTC didn't make a lower low in this window in the previous cycle, so the buybox starts at the golden pocket top.
Butttttt global economie is not looking that good so there is a fait chance BTC still has to make an ultimate low for this cycle, that is why the box runs down al the way to 5.8k.
What does this mean for alts.
Alts will make a new lower low in the box, they did so in previous cycle to.
If BTC sets a new lower low alts will sink way way lower.
Imho alts will take a blow that is 33% to 50% more severe then the blow BTC takes.
This is no financial advice in any way.
If you want to buy now just be my guest, but my money is still in a holding position untill we reach the green box.
It is that time of the year where everyone wants crypto to go up forever.
But if we let realism sink in, deep down we know there is a lot of time left before the halving.
Yesterday i posted the orange circle, that is where i believe we are at right now if we compare to the previous cycle. We just had the mini bull run and now we refuse to go down again as we want to go up foreever.
Today i present to you my green buybox for BTC.
If we look at the previous cycle a low was made 150 days prior to the halving, and the covid crash was 60 days before the halving, so timewise that is the window that i am looking at.
Pricewise we can see BTC didn't make a lower low in this window in the previous cycle, so the buybox starts at the golden pocket top.
Butttttt global economie is not looking that good so there is a fait chance BTC still has to make an ultimate low for this cycle, that is why the box runs down al the way to 5.8k.
What does this mean for alts.
Alts will make a new lower low in the box, they did so in previous cycle to.
If BTC sets a new lower low alts will sink way way lower.
Imho alts will take a blow that is 33% to 50% more severe then the blow BTC takes.
This is no financial advice in any way.
If you want to buy now just be my guest, but my money is still in a holding position untill we reach the green box.