#Bitcoin distance from 50SMA 👀
This SMA has often acted as support during a bull market.
📝The rate was also lowered today by 50 basis points, more than planned, a sign that the FED sees that the economy needs more help from the regulator.
💡Such a radical step is an indicator that very soon additional liquidity will appear on the market and, as we know from previous posts, it will, of course, settle in
BTC and gold.
This SMA has often acted as support during a bull market.
📝The rate was also lowered today by 50 basis points, more than planned, a sign that the FED sees that the economy needs more help from the regulator.
💡Such a radical step is an indicator that very soon additional liquidity will appear on the market and, as we know from previous posts, it will, of course, settle in
BTC and gold.Trade active
📝As we said last time, the test of this support was a local bottom, and since then Bitcoin has grown by more than 80%.🗣And although most expected some kind of black swan like in 2020, this did not happen, because the very logic of such events is that their probability is too small and it is almost impossible to predict them.
💡Conclusion: Listen less to various alarmist analysts and be able to distinguish the base scenario from the almost unreal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels
🤵For more info contact t.me/VolodymyrFeels
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.