$BTC: Heikin Ashi on the daily reduces noise = bullish trend

I highly recommend this setup when looking at a daily bitcoin chart. Heikin ashi candles average out price movement and are a great way to reduce the noise when thinking about trends. A drawback of this is that if violent reversals happen, the heikin chart may lag a bit behind... so that's why I like the dual pane view. The trend is your friend friends.

I also like fib levels as price discovery targets. Most everyone uses these levels and thus they are self fulfilling. Either way. We're stacking sats and we're not trading those for an infinitely printed USD.

Comment:

On the Heikin chart, you can see the continuation and reduction of the fear that you might have felt when you saw those big red candles on the left. On the right, we're still seeing some indecision. But I'd wait to close any long positions that we've held since the big green arrow on the right, until we see a RED doji followed by another red candle. Heikin ashi's strength is in reducing noise and helping identify momentum, however, that also means that you will behind the market if in fact it does reverse direction. I personally don't mind losing out on 10-20% of my potential profit in exchange for the security of not selling too early, and the ability to let my winners run.

TL:DR Based on heikin ashi candles, we're seeing some indecision, but no signal to close long positions that we took from the $34746 levels.

Comment:

Hope you listened :) Go btc baby goooo