HASM

The day is not over yet, but so far this move on #BTC yesterday was just a bearish retest after it broke an old, long uptrend line. Folks ask me what are the targets. And I will simply say: I don't know. There is a weekly support from the last cycle first at around 65.5, then there is a monthly support at around 61.4, then there are liquidity areas represented with the green boxes bellow. It all depends will this be just a small correction to take some more liquidity to get more fuel or it will be a mid-cycle correction. In 2019 mid-cycle correction, if we don't count a black swan event of COVID, #BTC corrected -50% from the mid-cycle top. With COVID the correction went to -70% from the mid-cycle top. But it doesn't have to be that harsh this time. Anyway, the best thing to do is to monitor when #BTC and #TOTAL2 start a recovery on daily and weekly. And when that time comes, it will be obvious. Until then it is good to save some dry powder, because the best run will be after that correction 🔥📈 Just check here what happened in 2020 and 2021 after that mid-cycle correction! Now I don't say it will be a mid-cycle correction this time. I think it is too early to say. But I will also not ignore the weakness on #BTC and post to my followers that we will soon hit parabollic phase of the cycle. Charts are not showing that, at least not for now. And don't you worry that you will be late in recognizing that moment of the shift, because it will not last for days nor weeks, but for months! 🟢🟢🟢 And you know what? If this scenario happens, I might even raise my cycle target for #BTC 👀 So short term cautious, but LongTerm bullish 🐂