BTC still has a decent bullish structure but ...

Hi everyone

While everyone is panicking, sometimes it's good to zoom-out and remind ourselfes that it's the bullishest asset in the world :)
If we break the blue supertrend after closing in daily, then I'll look very closely at the CTI (green/red) weekly if it will hold or not
Failing to hold the CTI will result in our dreams of lambo to be annihilated by Satoshi (= Craig Wright ? #joke) himself. Actually that' s where TA can kick-in... after a move up, I often aim for the zone between the 61.8 and 76.8 retrace level at least to buy back
When we'll hit it, your nocoiner neighnours and hyperwave favorite gurus will call for BTC to 1K and even to negative USD value (you'll have to give USD to Satoshi... true but sad story).
Not financial advice but it has often been profitable to counter trade bears during bull market (as far as I know, still backtesting the idea as we speak with my own account, will update when rekt but not likely to happen anytime soon :p)
Jokes apart, if we break the green CTI and hit my green rectangle, please wait for your own reversal signal before jumping back in.
The reason we don't like catching failing knifes is because ... it cuts and that's leaving us bleeding and... that's not nice.... We prefer seeing other bleed instead and fest on their fear and tears... right ?

I'll update this SWING idea if I get a bullish signal confirmation (my nice green diamonds and triangles on the chart) or if you should start considering telling your family there won't be any summer holidays this year.
Either way, I'll try to prevent us from being rekt (because TA works... sometimes)

Dave

Comment:

Time to pay attention, blue supertrend could get broken and that will accelerate the downtrend

Trade active:

Interesting to note how the blue supertrend held the price here. Was it sorcery or was it TA in your opinion?