This pullback at $BTC is really wearing me down. I’m bullish too, so let’s talk about what the chart is saying.
Looking at the 2-day candlestick chart: point 1 is a decline in a bear market, point 2 is a decline that bottoms out with bullish divergence, and point 3 is a pullback in a bull market. Point 3 is now near the bottoming zone, but no one can say exactly when it will reverse.
I stand by my previous view: the correction in the early stage of this bull market will continue until March 2027, with three or four months left. But there will definitely be a 15%–20% rebound along the way; otherwise, a correction this long would make it a bear market.
I expect a rebound in late November or early December, though it could come earlier, in the middle to latter part of the month. Just be patient.
Takeaway: The structure is intact, but don’t stubbornly hold a fully loaded position. Keeping some cash on hand for the rebound is the right move.
#BTC #Crypto
Looking at the 2-day candlestick chart: point 1 is a decline in a bear market, point 2 is a decline that bottoms out with bullish divergence, and point 3 is a pullback in a bull market. Point 3 is now near the bottoming zone, but no one can say exactly when it will reverse.
I stand by my previous view: the correction in the early stage of this bull market will continue until March 2027, with three or four months left. But there will definitely be a 15%–20% rebound along the way; otherwise, a correction this long would make it a bear market.
I expect a rebound in late November or early December, though it could come earlier, in the middle to latter part of the month. Just be patient.
Takeaway: The structure is intact, but don’t stubbornly hold a fully loaded position. Keeping some cash on hand for the rebound is the right move.
#BTC #Crypto
