#BTC is Weekly TF, had a solid close last week and this week, we can strong sell-off trigger due to fundamental issues and reached the support zone drawn. Analysis gone as per the plan and price facing a bit of rejection too. Hopefully it will hold up a little and have a reversal.
💰 BTC has been falling for 4 consecutive months. This is the longest-lasting drop since 2018.
That longest lasting drop is for accumulation.
The Bitcoin rally will likely start in February, which could lead to a break in dominance and rotation into altcoins.
That means we should be expecting altseason around March, while April could bring bull traps.
IF YOU ARE IN CRYPTO, YOU MUST KNOW THESE 50 WORDS:
(MUST BOOKMARK)
ATH → All Time High ATL → All Time Low MCAP → Market Capitalization FDV → Fully Diluted Valuation CS → Circulating Supply MS → Max Supply TVL → Total Value Locked ROI → Return On Investment PnL → Profit and Loss OI → Open Interest
FOMO → Fear Of Missing Out FUD → Fear Uncertainty Doubt REKT → Wrecked WAGMI → We Are Gonna Make It NGMI → Not Gonna Make It HFSP → Have Fun Staying Poor COPE → No official full form DYOR → Do Your Own Research NFA → Not Financial Advice IMO → In My Opinion
SL → Stop Loss TP → Take Profit RR → Risk Reward Liq → Liquidity Vol → Volume