Badger Badger Badger Badger Bitcoin Badger Mushroom! Mushroom!
Old "Weebl" title reference aside,(I wonder how many people got that) here is badg... bitcoin, acting out again.
This time bitcoin is possibly dropping out of a flag, a bear flag that is, for a bearish continuation. A drop from here should bring us down to the 200 MA around 6k and bounce to retest the bottom of the uptrend line and then back down to around 4k or 3k. From there we should see bitcoin bounce back up to around 10k and continue sideways and up. This can and will most likely take a few weeks to play out, at worst it can take months. This is all preparation for the mega bull run to 100k at least, so don't get bummed out.
However, should we hold this level and bounce or bounce at the trendline or the 200 MA then we will see a visit of the 14k to 15k area and sideways from there until a breakout from the ATH which should take us to 30k and then a bit more sidways which can last a few more weeks and then take us up to around 50k with an end goal of 100k at least.
Patience is key here, do not panic, do not lose hope, this is a market, corrections and markdowns are needed to make new bull market cycles for everyone to enjoy. We know where the entry will be and will be ready for it.
TL;DR: Let the market breathe, everything will be okay.
And remember guys, the longer we go sideways, the higher we go. Even if it takes a year for badger to crawl back out of Satoshi's basement buy the dip and HODL.
Thank you for the support guys, let us know what you think in the comment section below!
This time bitcoin is possibly dropping out of a flag, a bear flag that is, for a bearish continuation. A drop from here should bring us down to the 200 MA around 6k and bounce to retest the bottom of the uptrend line and then back down to around 4k or 3k. From there we should see bitcoin bounce back up to around 10k and continue sideways and up. This can and will most likely take a few weeks to play out, at worst it can take months. This is all preparation for the mega bull run to 100k at least, so don't get bummed out.
However, should we hold this level and bounce or bounce at the trendline or the 200 MA then we will see a visit of the 14k to 15k area and sideways from there until a breakout from the ATH which should take us to 30k and then a bit more sidways which can last a few more weeks and then take us up to around 50k with an end goal of 100k at least.
Patience is key here, do not panic, do not lose hope, this is a market, corrections and markdowns are needed to make new bull market cycles for everyone to enjoy. We know where the entry will be and will be ready for it.
TL;DR: Let the market breathe, everything will be okay.
And remember guys, the longer we go sideways, the higher we go. Even if it takes a year for badger to crawl back out of Satoshi's basement buy the dip and HODL.
Thank you for the support guys, let us know what you think in the comment section below!
评论:
Bitcoin has broken down the channel and it looks like we have our bearish continuation and also the help of a head and shoulders pattern playing out. Down at the 7000 levels is a very important rising trendline.
