BIG COLLAPSE IN BTC
Let's look at #BTC from this perspective. It will be a long analysis that will make you surprised, happy and distracted while reading and remember your ex-lovers. We also find a middle ground for our bear brothers in this analysis. No upsetting anyone. The middle of everything is good. Prepare tea and coffee. I'm starting.
▪️ In our analysis, there are the accumulation periods experienced since 2011, the sharp declines that came after these periods ended, the bull peaks and the appearance of all these on the Rsi.
As you can see, whenever Rsi reaches the bottom support zone (between 30-40), Bitcoin also entered the accumulation period at the bottom. So, both BTC and Rsi have accumulated together.
When calculating the days, I took as a basis the times when Rsi reached the bottom and top areas, that is, the Rsi bull.
▪️ The important thing here is;
After the accumulation periods of both BTC and Rsi ended, BTC never saw the bottom price it saw during the accumulation period. Could it fall sharply, as it has done many times in the past after emerging from accumulation periods? As you can see in the blue regions, it may fall very easily, but it is unlikely that we will see a new bottom.
▪️ Let's sum it up like this; - Both BTC and RSI have already finished their bottom accumulation periods. - There may be sharp declines in BTC in the coming weeks, but since there is no precedent in the past, it would not be logical to expect a new low level. - Based on past cycles, probably by the end of this year RSI will have seen its peak and the bull will have finished.
▪️ As you can see, bull does not mean constant rise. It is necessary to make long-term investments in the right projects and manage wallets professionally to make the most of this period.
▪️ Don't forget to read the golden articles below. ➖Remember that you can easily lose all your assets in crypto markets in one night. ➖With credit or your house-car etc. Do not invest in the #crypto market by selling. ➖If your #BTC or #altcoins rise (50% profit or more), immediately save the principal you deposited and secure yourself, regardless of the market situation. ➖Research in detail the #altcoins you are considering buying in the long term. ➖Create a gradual buying and selling strategy for the coins you have. ➖Always keep dollars in your wallet for idle use. ➖#Use amounts that will not upset you when purchasing Gem coins. Remember that gem coins are very risky and you can lose all your money at any time. ➖Do not use a single exchange, single coin, or single wallet. Make baskets in each area. ➖If you are going to make a leveraged transaction, be sure to get training. The end result of untrained leverage is 100% disappointment.
