Bitcoin: Accumulation, Manipulation, and Potential Expansion!!
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Bitcoin has been on a rollercoaster ride lately. Fear is palpable in the market, with the Fear and Greed Index dipping into "fear" territory. However, could this be a buying opportunity disguised as a downturn? Let's analyze the price action and explore the possibility of an accumulation, manipulation, and subsequent expansion setup for BTC.
As you see in the chart, BTC completed its accumulation phase and entered into the manipulation phase now. Let's understand all these 3 phases one by one.
1 Accumulation Phase: According to the chart, the price stays in the accumulation zone for almost 2months. In this phase, the price stays in the range of
59K-
73K level.
2 Manipulation Phase: Yesterday, the price finally broke down from the accumulation phase (59K level) and entered into a new manipulation phase. I'm expecting the price to reach around 50k level in this manipulation phase. Try to accumulate your favorite Alts in this phase.
3 Expansion Phase: When this manipulation phase ends, a new uptrend will start and this will happen soon. You just need to be patient.
Conclusion:- Overall, this manipulation phase is a big opportunity for us. Don't be scared and try to DCA some good coins. Soon, the market will be in up-only mode.
Hope I cleared all your doubts through this analysis. If you have any queries or want to share your opinion then feel free to comment here.
Thank You!
Bitcoin has been on a rollercoaster ride lately. Fear is palpable in the market, with the Fear and Greed Index dipping into "fear" territory. However, could this be a buying opportunity disguised as a downturn? Let's analyze the price action and explore the possibility of an accumulation, manipulation, and subsequent expansion setup for BTC.
As you see in the chart, BTC completed its accumulation phase and entered into the manipulation phase now. Let's understand all these 3 phases one by one.
1 Accumulation Phase: According to the chart, the price stays in the accumulation zone for almost 2months. In this phase, the price stays in the range of
59K-73K level.2 Manipulation Phase: Yesterday, the price finally broke down from the accumulation phase (
59K level) and entered into a new manipulation phase. I'm expecting the price to reach around 50k level in this manipulation phase. Try to accumulate your favorite Alts in this phase.3 Expansion Phase: When this manipulation phase ends, a new uptrend will start and this will happen soon. You just need to be patient.
Conclusion:- Overall, this manipulation phase is a big opportunity for us. Don't be scared and try to DCA some good coins. Soon, the market will be in up-only mode.
Hope I cleared all your doubts through this analysis. If you have any queries or want to share your opinion then feel free to comment here.
Thank You!
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