The Bull Market is when everyone wants to invest and make quick money.
But the Real Money is made buying in the Bear Market.
2023 and 2024 are going to be the Accumulation Years of a Lifetime.
Don’t think short term.
THINK BIG!!!!
We have roughly 4 weeks left in 2021. So I think it's safe to say that a lot of people's predictions are not going to be met. But I still don't think the cycle is over, and do believe that #BTC will eventually make it to 100k in the near future.
The buy orders kicking in right at the 20 Week SMA tells me that the market is still healthy, and that #BTC is still bullish. If #BTC drops below the 20 Week, the next level of support would be the 50 Week which is currently at 47k.
#Bitcoin just had a wick down slightly below the 20 Week SMA. And basically bounced right off of it, and is now at almost 54k.
The 20 Week SMA is at 51.9k
And the 21 Week EMA is at 52.8k
#Bitcoin just had a wick down slightly below the 20 Week SMA. And basically bounced right off of it, and is now at almost 54k.
The 20 Week SMA is at 51.9k
And the 21 Week EMA is at 52.8k
Ever since recording a new all-time high, #Bitcoin has been in a downtrend for over 2 weeks now.
I don't expect this to last very long, because I don't believe the market cycle is over and I don't think 67k was the top.
@therealportillo If $BTC gets rejected and stays below the trend line, I would say it's slightly significant. But really it's just another short term trend line.