The Inverted Chart for BTC is a perspective worth looking at.
Turning on the inverted chart option for BTC can really put things into perspective. As we can see, this is a classic ascending triangle pattern with a flat line of resistance around 9000ish, followed by a series of higher-low's after each rejection. I have gotten rolled over the coals for being bearish on BTC in this region, but that is likely by the same people who were bullish in the 6k region back in 2018. Sentiment matters; when everyone thinks the same, someone isn't thinking. Regardless of whether you're bullish or bearish, it is always wise to consider each side of the trade and consider arguments for and against your stance.
My question for you all to consider is this: Had you not known this chart was inverted, would you be bullish on bearish on it?
I also just opened my own free telegram channel for those interested (I post my thoughts on the market in there frequently): t.me/joinchat/AAAAAFInF0WGGqFKrayTMw
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)
BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
My question for you all to consider is this: Had you not known this chart was inverted, would you be bullish on bearish on it?
I also just opened my own free telegram channel for those interested (I post my thoughts on the market in there frequently): t.me/joinchat/AAAAAFInF0WGGqFKrayTMw
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)
BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
Comment:
Bounced off of 10.8-11k resistance zone:
Comment: