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Understanding crypto
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I placed a limit for $ARB at 0.75 and 0.52. This is for my bull run bag. May or may not hit but I’d like to be ready.

I placed a limit for $ARB at 0.75 and 0.52. This is for my bull run bag.

May or may not hit but I’d like to be ready.

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So the issue is each time we come back above the previous ATH on $BTC after bear market, we drop by some few percentages and consolidate for some time. 2016|2017 we consolidated for 77days (shown in yellow circle) 2020 we consolidated for 21days (shown in yellow circle) Now in 2024 we have been consolidating for 42days! My confluence for this is the weekly stochastic rsi which needs to get undervalued to give us momentum back up. (position now shown in yellow arrow). The uncertainty around these times is what causes alts to plummet. however, one does not know exactly when the whole thing takes off so it's actually safer as an investor to be in than out at said times because whats the worst that can happen?? we go back to 10k? lol
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#AI and #RWA. These narratives won’t go away as we are yet to see their potentials. I believe a lot more will come from AI and RWAs in crypto! I’ll keep an eye out for potential opportunities. Stay tuned!
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All of the previous forecasts are happening in this range when viewed from the daily timeframe. We continue to chop folks and judging from these higher timeframes there's a good chance this chop continues for some time. All we got to do is stay put! I will update again if anything big changes or shows a chance of changing but until then... stay blessed.
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From the 4H perspective on BTC, that zone in the yellow circle is where i will be actually attentive to see if we hold it as a double bottom on the 0.786. Doing that would again put us in some bigger targets up. will send the targets if it happens like so.
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BTC intraday (30min Tfrm) we go back to that zone and will decide there if we crash again. (good chance we do again) If price extends down without that first move up, then the zone up will not be again considered as resistance.
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