The Run Continues...
Everything is looking, close to what I want to make my 75K by the end of the month prediction come true. We need the price to stay above the 70K Profit Point and it looks like it will...I have been watching the current candle and it has been struggling to break the 70K mark and will most likely stay about that mark and start going sideways for possibly a day or two. That said, staying above 70K is key at this point and we do have a solid block of support right on the 70K Profit Point that is currently holding very strong.
75K Prediction Still in Play!
After the sideways movement, we will continue back on track to 75K, and seeing as we still have more than two weeks I will hold to my 75K by month's end. So, far we have retraced just over 3K, about 3500 would be more accurate and, some retracement is to be expected after the long run...some of you may not have noticed that we have been on a serious Bull Run since the original ATH was hit back on Mar. 5th and the immediate retracement below 60K to $59323.91 where we caught support and since have hit 4 new ATHs.
That said both volume indicators are showing strong Bearish momentum as I write this and I still believe the support is strong enough to hold for the day. If not we will still see the sideways movement before taking off again and continuing the current Bull Run. I'm usually a big history fan when it comes to Bitcoin and always look for the repeat which has happened like clockwork for over a decade now, but the only thing I believe that will repeat is that which is built into the code...THE HALVING is the only historical event that will continue to repeat. The time for the event to happen and the correction that follows I believe has changed to what we will have to wait and see.
What's Changing?
Of course, the Halving Time will continue to stay the same as that, is in the coding, however, the recovery time has changed as this becomes more and more mainstream. I believe; we will see a shorter recovery time this cycle and future cycles and the so-called "Crypto Winter" won't last as long as the last cycle. As far as how long I will be able to make a more intelligent prediction as we move past this Halving and start seeing some reversal or retracement activity, I also take into account how the public is reacting to the ETFs as they are playing a major role in mainstream adoption and will become the investment/retirement vehicle for many companies to start promoting to their employees.
Pionex Bot Check-In
I'm also, doing a quick bot check-in. For people just starting on Pionex Bots and you happen to pull up a screen that looks like this...AND EVERYTHING IS RED!
Don't panic it's all good as long as you see some green in your bot tracking panel. I haven't seen a day where the bots didn't make a profit and are waiting on more... except for when your bot hits its upper or lower parameters and the bot shuts down, some sell orders may not get completed. That is what happened to me in the beginning.
I thought it was Set it & Forget it and my bot hit its shut-down point and was down for days before I noticed. So, now I check them every day, especially in a Bull Market. So, don't let the red fool you into thinking everything is going badly...just check your release profit link and see if there is profit there...almost every day there will be profit to release. Releasing profit allows the bot to use the profit to keep trading and making you more crypto! GET STARTED WITH PIONEX link below.
