PREPARING FOR QUARTER 4
Bitcoin just pumped hard. Went 10% up and this is the beginning of October bullish trend. Bitcoin has been building defenses for some time time against the bears. We saw the same trend about this time last year and when trend is repeating itself, you don't want to stay at the opposite. That would mean standing in front of a moving train; you don't want to be crushed do you 😆? September has a trend of always been the worse performing month over the years than other months. September 2021 was no difference with slite bearishness than bullishness.
If we understand the market dynamics, you'll understand that the market is not trending on the monthly time frame. The monthly breakout shout happen after breaking the ATHs. We have not have a monthly close of $50,000 and here we are seeing a possibility of a $58,000 close. This is a very significant signal for a long bullish trend. $40,000 is the lowest price you'll get before the bullish party starts within the next 2-3 months most likely.
It's time to ask whether the market is good enough for you to get in or stay out. Am not expecting the price to get as low as $37,000 but once $58,000 is seen, you can tell the party has just begun.