Old school trading TD buy signal in btc.
Could be 5 done on the downside.
Bear has been relentless and crushed hearts and minds.
Low dsi.
Catalyst not obvious.
H/T JBB. @RaoulGMI

This is a mid, later cycle correction. In 2021 (huge year) BTC -50% before new highs, 2021 SOL down 60% in the middle of a generational run.... still was best performer, 2020 SOL down 80%, 2017 - one of the greatest years ever ETH down 70%... exploded into new highs... 2013 - the great year ever for a single asset class...BTC down 70%+ All part of the game. It aint over 'till the fat lady sings.
The possibility of an earlier cycle low is on the table if this downtrend continues without relief. With a higher low around the normal timing low area.
But this is a full blown bear phase, the decline is nothing like the 2021 event, which occurred earlier in the bull phase over a number of weeks (not months) and didn't not break the monthly structure.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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