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#Defifunds
If you think it's over, we're in a Bear Market, you missed the chance to make life changing money
just remember that the #BTC Dominance is still at the Top of the Cycle - the big #Altseason is ahead of us, not beyond!
Stay focused! 🎯
#Bitcoin
has reached it's natural post-halving resistance (2.168 Fib ext) - Renewed buying interest after summer should push us to the next level in Q4.
YE Target: 100k.
#Bitcoin has now closed inside the Weekly RSI Bull Market Support Zone for the first time in a year... a welcome visit!
All of crypto is currently balancing on critical support, bounce back incoming?
#BTC
3 Phases of The Bitcoin Halving
1. Final Pre-Halving Retrace
Bitcoin has produced two -18% retraces prior to the Halving in the span of just over a month
In mid-March, BTC pulled back -18% before recovering to $70000 and now in mid-April BTC has retraced -18% again
This downside is typical just before the Halving
In 2016, the Pre-Halving Retrace was -38% deep and in 2020 it was -19% deep
Nonetheless, this Pre-Halving Retrace represents the final bargain-buying opportunity in the Pre-Halving period
Bitcoin is only 2 days away from the Halving
2. Re-Accumulation
Now that the Pre-Halving Retrace is still in progress, it is seting up the very foundations of the Re-Accumulation Range
This Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it multiple weeks after the Halving
The goal now is for Bitcoin to a) establish firmly its Range Low of the Re-Accumulation Range and then b) move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
3. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
#Altcoins
While many see the end of the bull market, some only see a backtest of the A-Wave.
Incidentally, this was also the case in all other cycles before the market went parabolic.
We're facing the most exciting wave in 3-4 years imo.