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#Bitcoin again in the zone of accumulation by Rainbow Chart
Red stripes from above: solid greed – the fixation zone profit
Blue stripes below: fear – accumulation zone
Now BTC flew back to those blue noses. It was there that formed the bottom of the last bear cycle.
☝️ Also pay attention to the fact that during the past bullish market BTC has reached only to the average boundaries of the indicator, not to the peak. If this time, the same potential peak may be $200k level.
Red stripes from above: solid greed – the fixation zone profit
Blue stripes below: fear – accumulation zone
Now BTC flew back to those blue noses. It was there that formed the bottom of the last bear cycle.
☝️ Also pay attention to the fact that during the past bullish market BTC has reached only to the average boundaries of the indicator, not to the peak. If this time, the same potential peak may be $200k level.