Btc Important analysis and advice for the current situation

May 17, 2022 8:39 AM

After Bitcoin broke the last bottom in 2021 and formed a new bottom for this cycle, the picture became more clear that we are still in the stage of forming the bottom, so far there is no confirmation of a positive volume for this candle. For bulls that is the goal of this discussion.

Currently, and as a construction of the chart, it still tends to be negative due to the absence of a driving candle that pushes the price upwards with a good volume, close to the selling volume that took place after breaking the 30 thousand area, but we still maintain the weekly closing above the 30 thousand area and here the anchor, 

weekly closing below 30 thousand will target a new bottom at that time.

Or the stage of bottom formation, just as it happened at the end of 2018, we donโ€™t really know if Bitcoin will continue to maintain the rules of the price cycles that it started since 2013, which is not to break the top of the previous cycle. Bitcoin will follow what it did in 2018 after breaking the 6 thousand area with a large volume, the bottom will probably be less than that.

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Here we have to make a plan (B) and whether you tend to go down or up and whether you only keep the dollar or the bitcoin or the currencies, you should make a plan for yourself in case the bitcoin goes against your expectations (which bitcoin does in a lot of times), for example if you are with The rise and I was an investor and not a speculator. Try to save a part of the cash to buy in the event of a fall to benefit from it. Historically, any purchase in the golden areas (near the average of 200 weeks) was the most return for investors who buy with the Cost Avrage system, and

for those who tend to the negative side

,make a plan in the event of a reversal Bitcoin is the expected direction for you because it does not make sense to buy from the top in the event that the Bitcoin does not reach the levels you are looking to buy from, as no one can buy from the bottom completely.

@Tareq

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