Bitcoin's Rise Is Over? The Correction Starts! 36 Weeks GREEN!

13. Nov.

Think of this, while some bears continue to wait every minute, every second, every hour, every day for the start of a correction, the break above resistance nullified all corrections scenarios.

Literally, Bitcoin started on a new bullish impulse just last week. Think of this, there can be 36 weeks of bullish action, that is, a bullish trend —36 Weeks GREEN!

Trading volume is starting to rise now, only now, which means that there is still plenty of room for growth. Any down-move would only be a retrace; any correction should be bought.

Thank you for reading.

Namaste.

13. Nov.

Anmerkung

This is Bitcoin on the monthly timeframe. The break above resistance is happening this same month after 214 days of trading below resistance.

The 214 days below resistance is the consolidation period. 214 days is a long time in Cryptocurrency terms. All this time Bitcoin was loading up, building strength. Once the breakout is confirmed, the bulls win and we have a new beginning, the start of a bullish wave.

The bullish wave is starting now, literally, in November 2024. It is not the end, it is not a correction. A correction is what has been negated, nullified, a thing of the past, over, done. After 7 months of consolidation, you can expect months of bullish growth.

Back in 2023 the conditions were the same. Bitcoin consolidated for 214 days, 7 months, before a major bullish wave. The bullish wave lasted 152 days (5 months). Just think in similar terms, that's the minimum, because the consolidation phase was really strong.

The bullish breakout is not the start of a correction, it is the start of a bullish impulse. The bullish breakout means we are going up. Up, up, up, up, up, up, up... Up we go!

Namaste.

13. Nov.

Anmerkung

Here is Bitcoin's weekly RENKO chart, super green!

13. Nov.

Anmerkung

3 Line Break Weekly (Highest volume since April 2019)


Needless to say, this chart is ultra-bullish as well.
Not me, just sharing the chart.

15. Nov.

Trade ist aktiv

Previously, before Bitcoin was trading above the previous ATH (74K), each time a resistance level was hit there would be rejection. Currently, as Bitcoin is trading above all resistance, each time a new milestone is hit Bitcoin enters consolidation. If the consolidation isn't enough to break higher, price discovery, Bitcoin would produce a small retrace before additional growth. We are now in the bullish zone.