DEEP accumulation zone.
This is a SCHIFF pitchfork which has held up well.
Definitely in the accumulation zone now. Will the FED's interest rate hikes kick in next year and invalidate this? Let's see.
My guess is BTC will decouple eventually. It will also be the first to recover. Maybe even months before a stock market bottom which is months before housing market bottoms.
Regardless, any DUMPS from here on out are primetime DCA zones. If you like to wait for the tend to change, you can wait another 3 or so months.
PS- Miner capitulation has started according to the HASH RIBOONS indicator.
Definitely in the accumulation zone now. Will the FED's interest rate hikes kick in next year and invalidate this? Let's see.
My guess is BTC will decouple eventually. It will also be the first to recover. Maybe even months before a stock market bottom which is months before housing market bottoms.
Regardless, any DUMPS from here on out are primetime DCA zones. If you like to wait for the tend to change, you can wait another 3 or so months.
PS- Miner capitulation has started according to the HASH RIBOONS indicator.
Note
Just a quick update to the previous idea post. We have gotten out of the deep accumulation zone. Pullback area is the orange .618 fib around 24-25k.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.