As I said in the previous video BTC has been doing plenty of Loop The Loop and here it is again wiping the slate clean potentially before the next move up.
Finding support nicely on the 50 day moving average.
This is a very key area here as we looked at before, this resistance point is the low of 2021 Distribution.
If it can consolidate this area then it may be about to move into a blow off phase.
That said, BTC is still walking a tightrope and this could all yet be a shakeout topping pattern to see price go much lower.
Its looking good here for now though hence "Long."
We're continuing with accumulation strategy, nothing sold except for leveraged longs.
Not advice.
Finding support nicely on the 50 day moving average.
This is a very key area here as we looked at before, this resistance point is the low of 2021 Distribution.
If it can consolidate this area then it may be about to move into a blow off phase.
That said, BTC is still walking a tightrope and this could all yet be a shakeout topping pattern to see price go much lower.
Its looking good here for now though hence "Long."
We're continuing with accumulation strategy, nothing sold except for leveraged longs.
Not advice.
Note
Feel the g's 😸Note
Everyone knows the markets must go down so I'd have to be an idiot to think BTC is in a bull market - right 😸?
Note
The recession hugging, Powell loving bears got very excited on the flash dump but then immediately went back into their shell again when it bounced hard completing yet another Loop The Loop on shorter time frame.Its funny how on social media bears are ready to jump out to show their regurgitative genius upon the slightest twitch in the chart 😸.
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.