#BTC Whenever Bitcoin forms a cluster of price action (red | Eternel insatisfait på Binance Square

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#BTC 
Whenever Bitcoin forms a cluster of price action (red) near the Range High...
Bitcoin retraces to then form a cluster of price action (green) near the Range Low
$BTC #Crypto #Bitcoin 

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#BTC Bitcoin tends to form Re-Accumulation Ranges after the Halving But we've also seen Bitcoin form a similar-looking range in this cycle already as well (blue circle) $BTC #Crypto #Bitcoin

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#BTC    The June downtrend line continues to weigh down on price Worth watching for a potential break in the future for a local reversal $BTC #Crypto #Bitcoin   

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#BTC    Bitcoin has been in a constant downtrend all of June thus far (light blue) But break this downtrend line and BTC will initiate a price reversal $BTC #Crypto #Bitcoin   

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#Altcoins I can't say it often enough, but Altcoins are only in the retest phase before going higher. Look at 2020 for comparison. -Buy signal (super trend) -Above the EMA10 -Breakout from the Gaussian Channel (2W has already turned green). Cannot be bearish here.

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#BTC    2 Phases of The Bitcoin Halving 1. Re-Accumulation (red box) A Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it months after the Halving This Re-Accumulation Range is between ~$60000 and $70000, with wicks to either side of the range The goal now is for Bitcoin to move sideways in preparation for the next phase in the cycle - the Parabolic Phase (green) The Re-Accumulation phase can last a few months, 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 2. Parabolic Uptrend (green box) 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 $BTC #Crypto #Bitcoin   

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