This is the same chart I originally posted on Arpril 3.
Price has moved down a lil faster/farther than anticipated.
However, BTC is still cooling down the RSI.
I stated the RSI needed to come down to around 25
BTC is still consolidating
I wasn't sure how fast/low BTC was going to drop that's why I drew the blue line flat...incall that the eff you area
I am expecting mostly "sideways" price action to reset Daily RSI
This "sideways" action will be full of $10k eff you candles up AND down to keep over leveraged traders in check
You can see some key trend lines I have up
I believe those to be excellent areas of interest
I am expecting this price action to paint a big ascending triangle
With a resolution around June
before a slow lift off leading into another massive push up towards $110k
This IS the time to look for long positions
Oscillators are cooling
Companies are buying by the hundreds of millions
Square, PayPal, Tesla, and my company are all accepting BTC
BTC literally gets more secure AND scarce everyday
$44k is probably a good spot to really look into a massive opportunity
However, that's my opinion
Price action runs this Machine
So, I will closely be watching, and ready to look bearish if BTC starts closing below $44k area
Price has moved down a lil faster/farther than anticipated.
However, BTC is still cooling down the RSI.
I stated the RSI needed to come down to around 25
BTC is still consolidating
I wasn't sure how fast/low BTC was going to drop that's why I drew the blue line flat...incall that the eff you area
I am expecting mostly "sideways" price action to reset Daily RSI
This "sideways" action will be full of $10k eff you candles up AND down to keep over leveraged traders in check
You can see some key trend lines I have up
I believe those to be excellent areas of interest
I am expecting this price action to paint a big ascending triangle
With a resolution around June
before a slow lift off leading into another massive push up towards $110k
This IS the time to look for long positions
Oscillators are cooling
Companies are buying by the hundreds of millions
Square, PayPal, Tesla, and my company are all accepting BTC
BTC literally gets more secure AND scarce everyday
$44k is probably a good spot to really look into a massive opportunity
However, that's my opinion
Price action runs this Machine
So, I will closely be watching, and ready to look bearish if BTC starts closing below $44k area
