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~ #BTC #GANN ~
Hi Folks!
I need to clarify something about my post on todays Venus-Jupiter conjunction and the significance of it.
Based on statements and questions asked, many people are expecting a new bull run, or atleast thats what the takeaway was from my post by some, but I'm sorry to burst your bubble. What I need you to understand is the following.
Each planetary cycle has its own timeframe it works best with, as well as each planet or combination of planetary aspects or natal transits.
The other thing to note is that just because a conjunction or aspect forms on a specific date, we’re not looking for price to turn on a dime, it’s a general timing window, something to be aware of.
While price can shift quickly, it doesn’t have to. That said, there are other factors at play, it's all about Geometry first and foremost.
So what does that mean for Bitcoin?
It must hold above 63k to stay bullish which opens up a potential move to 72k, but failure to hold above 63k opens up the potential of a further decline all the way down to 54k.
So as you can appreciate, there are many factors at play in any given moment, it has to all come together to support either the bulls or the bears, so until I see that shift, I remain bearish overall.
I trust it all makes sense. 🔥🔥