Even if shorter-term downside targets get hit on #BItcoin, the higher time frames are still bullish & imo it's a buy the dip scenario until it's not.
Obviously there will be differences but there are similarities to the last cycle.
Scenario 1 aligned from first peak. 👇 twitter.com/JesseOlson/status/...
![](https://static.fwimg.io/img/feed/0a506a42418870a8ca79f6ade3a64dfd.jpg)
2024/04/13 02:36 :
On the live streams & X posts we've been covering that #Bitcoin is "not out of the woods yet".
3 Reasons why:
1. We wanted to see a daily close back above $73,000
2. RSI 2.0 Indicator never had a buy signal
3. MACD never had a bullish crossover
Pending sell signal.
$BTC scenario 2 aligned from 2nd peak.
![](https://static.fwimg.io/img/feed/0ea4b7f94c08531dec20eb58bd2dfc78.jpg)
Sector:
From Twitter
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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