Ehm... Good evening ladies and gentlemen.
WE HAVE BAD NEWS AND GOOD NEWS 🗣️!
Bad news: The market is FUCKED.
Good news: We keep working and building.
We're looking for strategic partners and talented individuals to join us right now on our journey to conquer #Web3Gaming
$BTC
It really may have been this simple on #Bitcoin
Annoying this was, I had a short at $71k but closed it due to an expected double top.
Bullish or Bearish, supports are not for selling.
#Bitcoin
Whether 2017 or 2021, both outcomes would be great for the crypto market, but when I look at the steepness of $BTC, it looks very similar to 2017.
-Close to the 1D EMA 200
-Consolidation around the previous ATH
If you take a closer look, things don't look so bad.
$BTC - It appears to be at July 2017 level. If the next local top is between 91k to 96k then it will retest 72k area during next drop. If the next local top is between 101k to 111k then it will visit 84k area during next drop. Top maybe around 176k and comes in November 2024.
After the #Bitcoin halving in 2020 $BTC ranged 150 days in a boring price range between $9,000-$11,000
We are currently 60 days after the halving and people are deeply depressed about the price action
Meanwhile if we scale previous cycles we’re still on track to have a 2016-2017 run
2012 scaled: $105,703.96
2016 scaled: $59,436.31
2020 scaled: $67,777.19