In order for BTC to have a significant bull rally, one or more of these conditions have to be met:
a) positive FA catalyst
b) long capitulation, short increase (Finex alone has 5k longs between AC; shorts have been oscillating between 10-12k)
c) low IQ plebs who have been fomoing into shitcoins get baptized in blood
On the TA-side:
a) Price needs to break above 4hr 50/200 EMA death-cross (see July correction fractal)
b) 71.8% retracement from the recent high/low
a) positive FA catalyst
b) long capitulation, short increase (Finex alone has 5k longs between AC; shorts have been oscillating between 10-12k)
c) low IQ plebs who have been fomoing into shitcoins get baptized in blood
On the TA-side:
a) Price needs to break above 4hr 50/200 EMA death-cross (see July correction fractal)
b) 71.8% retracement from the recent high/low
Trade active:
Target 1 reached. Still has room to go down.
Trade active:
Target 2 reached. Closed %50 position.