History will tell if what I am doing is enough, but let me assure you that all my technical analyses are based on pure objective, non-emotional observations, using my knowledge, which I constantly evolve.
Also, a new logo for me, from my good friend "0x000VOID", who has a talent indeed, that I try to awake.
Bitcoin Correction
So, let's dive into this correction, with an idea of mine, about the possible moves for the next couple of months.
As I have stated many times, consolidations and corrections are healthy signs. It is a temporal pushback - from an uptrend OR a downtrend - to go further. The higher you want to jump, the lower you bent your body... It is really that simple.
Historical data (chart)
But do not take my word for it. Let Bitcoin show you the way, Through the art of charting.
History cannot lie.
Let's go back to 2020, and after the black swan caused by the pandemic, Bitcoin prices hovered between $17000 and $19500.
In the middle of December until - and after - New Year's Eve, when we had all-time highs every day ( or every hour), we experienced a correction in a form of a -25.58% fall. This fall was "instant" with a duration of about two days - and I am referring to the shadow and not the actual open or close prices. Then the price consolidates for more than two weeks to have a new circle of all-time highs, to the current one.
Present Correction
All these lead us to the last week's correction. The similarities between the January correction and the present one are exceptional, both in actual numbers and durations. And - if history repeats itself - we can see a possible consolidation for a couple of weeks and then a rebound to a new all-time high in the middle of April.
Reacting
In these circumstances, it is crucial to act wisely, and by that, I mean not under fear, panic, or sentimental pressure. The first that you can do is to sell high and buy low. Well, yes, that is the ideal move, but in reality, this is very hard - and the fact that many of us have our "regular" jobs to attend makes it even harder.
So, I will be more realistic and say that sometimes the best move is not to lose. Sometimes is better to lower the risk. Sometimes is better just to hold. Do not be afraid to Hold Bitcoin if you are not confident about its move.
And, believe me, Hold is way better than buy high sell low.
Stay Crypto/Stay Safe
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