If in doubt, zoom out! We are still in a healthy market trend and good things are ahead (⌐■_■)

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https://preview.redd.it/pjcuy4nvwawa1.png?1260&format=png&auto=webp&s=6eb78288a43a7e0a9d4e292e88d45439d5860e3c

Keep calm and look ahead! All the dramatic news headlines yesterday. After a 3% correction came a 2% (and counting) recovery. Crypto is not dead, a 3% drop is just a typical day in trading. Don't stress, the target is still UP.

Here is a simple daily BTC chart, with the bull market support band. Just looking at this indicator you can see we are entering bull market territory. To drop into the bull market support band, we'd have to drop below 25k. To drop below it we'd have to drop below 22-23k.

If we drop to those levels I would start worrying. Yesterday we merely corrected and this is a healthy thing.

Let's look at the monthly returns:

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https://preview.redd.it/vz7r5d6izawa1.png?1384&format=png&auto=webp&s=c4a302f4cf620e5ded5e6d99c6d15080083554a6

We just had 3 green months at the start of the year. There have only been 2 cases - in 2013 and 2019 that we had more than 3 consecutive green months (at the start of the year). You need some time of consolidation before another push upwards.

KEEP CALM AND HODL

NFA, IGAF, IANAA*

^\Not Financial Advice)
^{I Give a Fuck
I Am Not An Analyst}

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