๐ I mentioned earlier that this post is very important, so Iโm quoting it and reposting it with the same chart.
In every major bearish market for $BTC, weโve seen 3 important bottoms. And the third bottom in this cycle was at the $57k level.
In terms of wave counting and technical analysis, it was clear that this area could represent a potential reversal bottom. Also, previous bearish cycles formed 3 major bottoms, which makes recording a new bottom below $57k less likely from a historical pattern perspective alone.
๐ฏ Congratulations to everyone who benefited from this idea!
Now weโre entering the Disbelief phase of a new upward wave, after 10 months of bleeding and decline. ๐๐
$BTCUSDT | Perp
๐ฐ Price: 79,771.3$
๐ +1.25%
In every major bearish market for $BTC, weโve seen 3 important bottoms. And the third bottom in this cycle was at the $57k level.
In terms of wave counting and technical analysis, it was clear that this area could represent a potential reversal bottom. Also, previous bearish cycles formed 3 major bottoms, which makes recording a new bottom below $57k less likely from a historical pattern perspective alone.
๐ฏ Congratulations to everyone who benefited from this idea!
Now weโre entering the Disbelief phase of a new upward wave, after 10 months of bleeding and decline. ๐๐
$BTCUSDT | Perp
๐ฐ Price: 79,771.3$
๐ +1.25%
