Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets ๐ฎ๐ฏdepicted above.๐๐
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points๐.
This is my short analysis based on major trend-lines, fibs, etc..๐โโโ
Follow the whales๐ณ, I am definitely long on BTCโญ
Fundamentals on BTC are still looking pretty strong๐ช, despite inflation being up 14%.๐ค๐ฒ (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)๐จ
Attached to this post are some other relevant ideas, thank you so much.๐
(In the event that we turn bearish, I have included some RED LINES๐คช that would be my key target areas๐ป
Let's see , and always remember โฌโฌ๐โThis is not financial adviceโ๐ Please use a stop loss and keep up to date with the current news if possible!
Any thoughts ๐ญ๐ก, questions ๐โโ๏ธ๐โโ๏ธโ, good ๐, bad๐, happy ๐ or sad ๐ฅ, in the comments always welcome and trade safely!!!!
Jazerbay โฏ
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Good day traders and investors๐!
In my opinion, I the bulls/volume are soon to be here.
Depicted above on daily view, we have two bearish๐ป candles, followed by a possible morning starโญ Doji which would indicate a bullish reversal๐.
We have been in a ~7k range for a little over three weeks now, and at the beginning of July billionaire George Soros gave the ๐ for fund management traders to start trading BTC. This could be very good news.
It is wise to wait 3 hours for the end of this daily candle to further speculate where price is headed, this is just my current view.
Would love to know what you think about BTC price movement.
Nice update thanks, been in long since 31s today took some off the table but still in a long and some alts. Might have to wait till daily to decide what to do indeed
jazerbay
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@MistaTino, yes I have bullish sentiment but also waiting and that could change. Thank you mate ๐