Do we break out to the upside or the downside, almost a 50/50 IMHO...
Also Doge is mooning and seems to be on it's 1$+ trajectory...imho, this is dangerous because it really does risk the entire market if serious, well-moneyed investors decide "this crypto thing is a joke." I don't think that will happen, but this is the faustian nature of "alt season" when any and all crap starts to moon hard and drain funds from legit projects.
Have sold a bit of my position higher and have been adding while we have been going down. Original Position:
Also Doge is mooning and seems to be on it's 1$+ trajectory...imho, this is dangerous because it really does risk the entire market if serious, well-moneyed investors decide "this crypto thing is a joke." I don't think that will happen, but this is the faustian nature of "alt season" when any and all crap starts to moon hard and drain funds from legit projects.
Have sold a bit of my position higher and have been adding while we have been going down. Original Position:
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Judging by the short-term action, I say we go down from here....anybody's guess where we stop once 54500 is lost.
Not what I want, but seems like 52K waiting room right now for BTC...
Not what I want, but seems like 52K waiting room right now for BTC...
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I am buying a bit here and there, but BTC needs above 56800 to stop the bearish action...Retaking 57000 and holding it would do the trick.
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Took a nap that lasted about six hours...guess I'm not sleeping tonight.
Solid up move so far, I would say at a very minimum, BTC must rise past 54900 and hold to keep this reversal momentum going. If we get that, then solid chance of a green run to retest higher than 59000. Not a guarantee, not financial advice, I'm already deployed with my stop safely in profit much lower, and I'd like to not raise that stop until we threaten new ATH if possible.
Solid up move so far, I would say at a very minimum, BTC must rise past 54900 and hold to keep this reversal momentum going. If we get that, then solid chance of a green run to retest higher than 59000. Not a guarantee, not financial advice, I'm already deployed with my stop safely in profit much lower, and I'd like to not raise that stop until we threaten new ATH if possible.
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Bit of a nice reversal so far, Goal Post to stop the bearish downtrend is at the high-lighted areas, cluster of moving averages that will prove serious resistance.
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Say above 56K and change...