BitEagle News
--
The Bitcoin market is showing some patterns that we need to keep an eye on.
In the previous big upswing before the BTC halving, there was a significant 50% drop, and later, we had that whole COVID situation making things even crazier.
⛔️Taking Out the COVID Factor:
If we take out the chaos caused by COVID, in 2020, Bitcoin took a dive from 13.6K to 6K, a big 50% correction, right before the halving.
Similar Patterns Now:
Currently, we're seeing a bit of a déjà vu – a similar 50% correction, just like before the halving.
Important Reminder:
There's this thing called a CME GAP waiting at 21K, adding another layer to the situation.
💠 Key Takeaways:
- Fractals (those repeating patterns) might not always happen exactly as before.
- Nobody knows exactly when this Bitcoin rally will reach its peak.
- Keep your Stoploss tight, protect those recent gains.
While history can give us hints, predicting the future is tricky.
Stay alert, be ready for different scenarios, and don't forget to play it safe with your Stoploss, it's like a safety net for your trades.
Trade smart and stay cautious!
#Bitcoin #Write2Earn #Halving
In the previous big upswing before the BTC halving, there was a significant 50% drop, and later, we had that whole COVID situation making things even crazier.
⛔️Taking Out the COVID Factor:
If we take out the chaos caused by COVID, in 2020, Bitcoin took a dive from 13.6K to 6K, a big 50% correction, right before the halving.
Similar Patterns Now:
Currently, we're seeing a bit of a déjà vu – a similar 50% correction, just like before the halving.
Important Reminder:
There's this thing called a CME GAP waiting at 21K, adding another layer to the situation.
💠 Key Takeaways:
- Fractals (those repeating patterns) might not always happen exactly as before.
- Nobody knows exactly when this Bitcoin rally will reach its peak.
- Keep your Stoploss tight, protect those recent gains.
While history can give us hints, predicting the future is tricky.
Stay alert, be ready for different scenarios, and don't forget to play it safe with your Stoploss, it's like a safety net for your trades.
Trade smart and stay cautious!
#Bitcoin #Write2Earn #Halving
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0