Technical analysis by FeelsStrategy about Symbol BTC: Sell recommendation (6/28/2024)

FeelsStrategy

#Bitcoin Keltner Channels 📈No one doubts that this cycle will be similar to a 3-wave one. In the last post, I said that I do not expect a fall in February and March, and even closer to the halving, the 2nd wave will begin to fade.💡That's what happened. Now we can see how the correction begins, I do not expect strong drops below 50k now, but rather a transition to consolidation. Now everyone is expecting a halving and there will be more volatility in Bitcoin in the coming days, but it will start to die down in mid-May.📝What to do now? Take a closer look at Ethereum, and altcoins and possibly rebalance the portfolio. You must be ready for the next move at the end of summer.📝Even at the beginning of this cycle, looking at various fundamental signs, I realized that this cycle can be 3-wave and as we can see, more than half of the cycle has already passed, and we continue to move along this pattern.💡According to this model, we will not have a dip below 50k, and closer to autumn we will start moving in the 3rd wave, this will be the main and biggest movement of BTC and altcoin in this cycle.↗️Has anything changed? No We are finishing the 2nd wave of movement. 📝The previous situation is a good example that you need to look at the world in general. Considering macroeconomics and fundamental analysis. How I do it every time. 🗣If you did not look at my analysis, but others, you can thank your analysts who drew you 100k in the summer, enjoyed the buy signal on the hash ribbon, or drew a cap & handle. 💡What awaits us in the future? Of course, the stock markets will be supported by the injection of liquidity, and we expect another powerful movement in the autumn.We are approaching the moment of the beginning of a new wave. 📝See the quoted post, bitcoin was then before the halving and took the ATH. All the analysts were shouting "that 100k would come soon". But at that time I already knew what the next half year was waiting for us. 📝The problem with the majority is that they cannot distinguish what is important from what is not in fundamental analysis. Most ignored overbought, seasonality, and liquidity. 🗣Now, some call the current situation a bear market and expect some deep bottoms, focusing only on one of the elements of technical analysis - the trend (LH/LL). 💡Think coldly, trust only proven analysts.🔥BTC 80k, the classic 3-wave movement has begun, as we and the Feels subscribers expected. 📝Some say that the crypto market is so unpredictable. Probably, these people do not know how to analyze it properly or simply do not follow me because, starting from the bottom of 16k, all local peaks/bottoms were predicted absolutely accurately. 💡By the way, from 80k and above, it is logical to start fixing a partial profit. Remember, from the advice to buy 16k, your profit is already 5x. This is a good time to collect the body of the investment and even more.