Here's my May TradingView video for Bitcoin.
See you @ $174K.
Enjoy 👍🏻.
See you @ $174K.
Enjoy 👍🏻.
Note
LIKE / COMMENT 👍🏻👍🏻👍🏻.Note
BTC continues to print very shallow price action. This is very likely an accumulation. Will be heading up sooner or later...Note
10K bears in song again as BTC slumps but they haven't done their Wyckoff homework.No done deal of course as price is in motion but it is following this schematic perfectly with a little pop and dump out of the descending channel "Creek" and "8" being a high volatility fear test.
Just like S&P we can get wild probes down and they really count for nothing without progress down the Y axis 🧐.
Note
Nice bounce and yet again bears cheered fluffy algo smoke with no fire. It is funny how the fundamentals based bears are so sure what they believe will impact price without feeling the need to actually do the technical work.Another week goes by and BTC still holds this area since March and yet again is back in the trading range. The line chart is good to cut out the noise and see that BTC is printing a descending wedge showing weakness to the downside. This is also known as a bull flag and sooner or later we'll likely see a break to the upside. Its not impossible to see another flash dump first of course, but momentum is upward here.
In other markets tech is looking very strong, specifically semiconductors and Nasdaq is close to a bullish MACD cross on the monthly chart which historically is game over for bears.
Loaf of bread guy below may not support a BTC bull market but thankfully the stock markets do 😼.
Note
Bounce continues through the weekend looking good for the next wave up though super smart bears have 100 reasons why that's impossible.Note
If you can't see that another wave up is coming I don't know what to tell you. "Debt ceiling" makes no difference. Buy BTC now and you might just be able to afford that loaf of bread in 2030 according to future economics champion loaf-of-bread-guy below who says a loaf of bread will cost $12.
Not advice though I dont even like bread.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.