The total evaluation for the bitcoin chart is currently bearish. Please be mindful of your risk management as always, I sincerely think we are now in for the low. We re-tested 19,500-19,800$ as much as we want with now a confirmed triple bottom. Do I still stay bearish in a macro time frame? Absolutely, since the SP500 and NASDAQ are far from actual dumping considering how bad our macro-economic factors are such as inflation rate, gas prices, food commodity prices, house sale -- in short, there is still a ton of problems.
We have already tested 20,400-20,500 multiple times, you can barely even draw an ascending triangle now and would break to 20,800-21,200$ -- From there, I see a very strong rejection, so be warned!
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Trade active
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Opened trade at 19,789$ at x10 leverage to take profit at 20,300$
@JoeChampion, I pay attention to market fundamentals very greatly friend. Job reports, earnings, CPI, PPI, retail sales, house sales, consumer reports, etc -- you name it! I do not rely fully on technical analysis alone. As we anticipate Vitalik's merge as well, we'll have to let the price action give us context first since there is a common saying that they "buy the rumor -- sell the news".
JoyBoyVegae
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Too early ; we be seeing another crash because the federal government going to double to take out 90 billion of the market. So everything will go insanely volatile…
Wamses
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@Richburst9, I know that but we're fine. Pumping as expected.