Bitcoin (BTC/USDT) Accumulation process repeats itself. If you are a Bitcoin investor you should see this analysis.
Are we in a new accumulation process?
We will see
Today I bring you this analysis, in the medium term, comparing what has happened a few months ago where we saw a period of accumulation of the price of Bitcoin
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Let's start at
Moments of the accumulation process
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Bullish Cycle Periods (Green arrows)
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Price Oscillation Periods (Blue arrows)
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Correction Periods (Red arrows)
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Period of Formation of a base price (Yellow arrows)
Previous accumulation cycle
Current accumulation cycle
If we compare both cycles, the structure is similar.
Current situation
Now we would be finishing a correction period to then begin to form a base price for Bitcoin.
Fibonacci
In the previous cycle the correction did not exceed the 0.5% fibonacci retracement.
It would be important that you keep it in this period to validate this accumulation period similar to the previous one.
What you think?
Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring To be attentive Protect your Investments
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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