Just want to give a quick update for my followers! I've been busy around the house lately guys and to be honest, BTC's indecisiveness has been rather BORIING but it has provided a much needed break from the BTC Charts. I do however want to point out a couple things on the macro charts.
BTC will be closing a monthly candle here in just over 18 hours. With the current stalemate between Bulls and Bears I feel that this close has the potential to provide some much needed momentum either way. Bulls seem to be holding the line very well here and on top of that, it seems that each bounce is getting stronger and stronger! IF SOMEHOW bulls can manage to turn this monthly candle green at close, I would say that may just give us what we need to continue upwards.
A BEARISH ENGULFING CANDLE on the other hand would give the Bears more strength to push downward. It could play out as a quick wick or we could continue this slow downwards drag for some time... It would definitely create some more fear in the markets if you ask me and I just think we really want to avoid that situation. If it happens we may want to reevaluate.
I've labeled 2 levels on the chart above. One for each scenario.
We are about do for another big movement here soon from the looks of things so although BTC HAS BEEN BORING LATELY, I think now IS the time to keep a close eye on the situation, along with any "NEWS" events that may arise! It has been the so called "news" lately that is responsible for the major market movements so just keep an eye out for FUD. Maybe CHINA will Super-Ultra-Ban crypto 😂🤦♂️🤷♂️ or Maybe Elon Musk will get in one of his manic Twitter episodes 🤷♂️... Ahh it's a bit sad that I even have to mention those ideas and what's worse is , it not as much of a joke as I'd like it to be. What has this world come to?
Remember that BTC and decentralized cryptocurrency was created FOR THE PEOPLE. It was created to cut out the middle man who takes 80% profit and throws you a bone! It better represents EQUALITY and EQUAL OPPORTUNITY. Let's keep an eye on the situation but I also would like to encourage EVERYONE to research more and more about cryptocurrency and blockchain technologies... The more I understand cryptocurrency, the more CONFIDENT I become that it IS THE FUTURE!
BTC and CRYPTO may lose battles, BUT I TRULY BELIEVE we will WIN THE WAR! When ENOUGH people truly understand the potential benefits cryptocurrency brings to the world, we will be strong enough together to fight the FUD.
Thanks for reading guys and as soon as the market leaves this indecisive state and I can give you guys more confident ideas I WILL have more content and trade ideas for you!
BTC will be closing a monthly candle here in just over 18 hours. With the current stalemate between Bulls and Bears I feel that this close has the potential to provide some much needed momentum either way. Bulls seem to be holding the line very well here and on top of that, it seems that each bounce is getting stronger and stronger! IF SOMEHOW bulls can manage to turn this monthly candle green at close, I would say that may just give us what we need to continue upwards.
A BEARISH ENGULFING CANDLE on the other hand would give the Bears more strength to push downward. It could play out as a quick wick or we could continue this slow downwards drag for some time... It would definitely create some more fear in the markets if you ask me and I just think we really want to avoid that situation. If it happens we may want to reevaluate.
I've labeled 2 levels on the chart above. One for each scenario.
We are about do for another big movement here soon from the looks of things so although BTC HAS BEEN BORING LATELY, I think now IS the time to keep a close eye on the situation, along with any "NEWS" events that may arise! It has been the so called "news" lately that is responsible for the major market movements so just keep an eye out for FUD. Maybe CHINA will Super-Ultra-Ban crypto 😂🤦♂️🤷♂️ or Maybe Elon Musk will get in one of his manic Twitter episodes 🤷♂️... Ahh it's a bit sad that I even have to mention those ideas and what's worse is , it not as much of a joke as I'd like it to be. What has this world come to?
Remember that BTC and decentralized cryptocurrency was created FOR THE PEOPLE. It was created to cut out the middle man who takes 80% profit and throws you a bone! It better represents EQUALITY and EQUAL OPPORTUNITY. Let's keep an eye on the situation but I also would like to encourage EVERYONE to research more and more about cryptocurrency and blockchain technologies... The more I understand cryptocurrency, the more CONFIDENT I become that it IS THE FUTURE!
BTC and CRYPTO may lose battles, BUT I TRULY BELIEVE we will WIN THE WAR! When ENOUGH people truly understand the potential benefits cryptocurrency brings to the world, we will be strong enough together to fight the FUD.
Thanks for reading guys and as soon as the market leaves this indecisive state and I can give you guys more confident ideas I WILL have more content and trade ideas for you!
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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.
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.