if bitcoin breaks the key market structure, which is below 6400. Crypto is dead for me.
but if i see a sideways action now confirming that we are in accumulation zone, i.e bitcoin is not cheaper at all and no body is dumping it.
Everyone has sharp focus to buy every low. Then i will also do same. Also if bitcoin moves above previous high above 13K it will confirm to me that bitcoin is a safe haven. Finally if ATH is also gets broken then it will confirm parabolic rise to whatever % guess there can be. I don't have much money this time or the first time in my life i would have to resort to borrow :(
I need to see sideways action now for following reasons:
but if i see a sideways action now confirming that we are in accumulation zone, i.e bitcoin is not cheaper at all and no body is dumping it.
Everyone has sharp focus to buy every low. Then i will also do same. Also if bitcoin moves above previous high above 13K it will confirm to me that bitcoin is a safe haven. Finally if ATH is also gets broken then it will confirm parabolic rise to whatever % guess there can be. I don't have much money this time or the first time in my life i would have to resort to borrow :(
I need to see sideways action now for following reasons:
- To confirm that is cost higher to mine bitcoin
- Accumulation is happening.
- Volatility contraction for a breakout from previous market structure