No one knows the dip yet.

We saw crypto getting to all time high last month, March 2024. The previous ATH was in November 2021. I could remember vividly that almost every crypto analyst was seeing 100k movement, and the shocker happened. Next was a very serious beer market that lasted till December 2022. Then, there came about a morning star that acted as a reversal and we experienced another bullish trend that resulted in us seeing an ATH in this 2024.

To be honest after seeing this ATH I left the market with my profit and await for the next call. I felt this way because it looks dangerous for me to either do a buy or a sell. Hands folded and observation as it is the time for me to just observe.

So, on a monthly Time Frame, we saw that BTC has tested the previous close in October 2021, and bounced back immediately. At this juncture it is best we wait for the next best action before entering into any position. As an analyst I will still have a clearer view on a smaller Time frame to see if there is an opportunity.

On a weekly Time Frame, we can see that there is no clear direction but just mere consolidation of some sort, The candles are playing between 73k plus and about 60k. Scalpers can enter though with risk involved.

On a daily Time Frame we can see a clearer move of the consolidation. As we can see that the uptrend still prevails. And I can assure you that to the upside is still the way. And, that this is just a mere correction.

BTC is very volatile and should not be joked with
This is not a financial advice just my mere analysis. Only put in money you can afford to lose.

Posted Using InLeo Alpha