Bitcoin is a biohazard to our health at the moment. Check out my last blog post when I tried to warn the Tradingview world to stop buying BTC. Now! We are are still in an uptrend for the moment.
It clear we are in a consolidation phase, and this can only mean one thing. A viscous move is coming, but it is still unclear what direction we will take.
Have we moved to fast towards 14k?
Do we need a pullback to 10K to test support?
These are the questions you should be asking, and if those questions are on your mind, then you should not be buying or selling BTC. We will inevitably test one or the other. While the price continues to consolidate between $13000 and $11000, you have to remember that the price is still above the 9 MA. With price above the 9 MA should give you a good idea that the streets are not sweating this consolidation phase.
Conclusion: Wait for a bullish or bearish move/candlestick to obtain more confluence in this market. Grabbing BTC under 10K could be an opportunity of a life. One that may never come back around again, and remember if we break past $14000, AREA 51 will become a support zone. Sit back, relax, and get the popcorn out because this is what the smart money is doing.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
It clear we are in a consolidation phase, and this can only mean one thing. A viscous move is coming, but it is still unclear what direction we will take.
Have we moved to fast towards 14k?
Do we need a pullback to 10K to test support?
These are the questions you should be asking, and if those questions are on your mind, then you should not be buying or selling BTC. We will inevitably test one or the other. While the price continues to consolidate between $13000 and $11000, you have to remember that the price is still above the 9 MA. With price above the 9 MA should give you a good idea that the streets are not sweating this consolidation phase.
Conclusion: Wait for a bullish or bearish move/candlestick to obtain more confluence in this market. Grabbing BTC under 10K could be an opportunity of a life. One that may never come back around again, and remember if we break past $14000, AREA 51 will become a support zone. Sit back, relax, and get the popcorn out because this is what the smart money is doing.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
