RE: A Red Sunday
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The truth my friend I think we were all looking forward to reach $75K as soon as possible, but personally I knew deep down that BTC was losing strength, if we see the daily candlestick chart with the RSI, we can immediately observe a bearish divergence in the price. If we look at each peak of each btc rally after each correction we notice that each peak is lower and each correction is shorter, this only gives us one message and that is that the strength was lost.
Now that BTC broke the bullish channel, I sincerely hope that it corrects enough to $40K or $35K, that it takes its time so that when it comes back it does it with strength, that the bullish rally can take it to $75K and then to $100K. I just know that if it corrects to the prices I mentioned, we will have an opportunity to buy much cheaper.
La verdad mi amigo creo que todos esperábamos con ansias llegar a los 75K$ lo mas pronto posible, pero personalmente sabia muy en el fondo que BTC estaba perdiendo fuerza, si vemos el grafico de velas diaria con el RSI, podemos de inmediato observar una divergencia bajista en el precio. Si vemos cada pico de cada repunte del btc después de cada corrección nos damos cuenta de que cada pico es mas bajo y cada corrección es mas corta, esto solo nos da un mensaje y es que la fuerza se perdió.
Ahora que BTC rompió el canal alcista, sinceramente espero que corrija lo suficiente hasta 40K$ o 35K$, que se tome su tiempo para que cuando vuelva lo haga con fuerza, que el rally alcista lo pueda llevar a los 75K$ y luego a los 100K$. Yo solo se que si corrige a los precios que he mencionado, tendremos una oportunidad comprar mucho mas barato.
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A correction to $35K, that would be a crash.
And that's not something I would like to see that happen. That will do more damage than good in the long run. Recovery from a correction is very much possible and likely, with a crash it can be another story as there will come a lot more in the play. But I don't know what lies ahead ... so.
And if you strongly believe that it's going to hit $75K and $100K ... well, buy every sat you can buy now, because it will always be a 'cheap buy' once Bitcoin is comfortably cruising in the $100K range.
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