SUMMARY: Long, next target is the $51k at the 0.618 golden ratio
-- Technical --
Above all the EMAs and MAs, forming HHs and HLs. -bullish
Broken out of the descending wedge and re-tested the 0.238 Fib support - confirmed reversal and very bullish.
ABC correction carried out in April & May.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
-- Technical --
Above all the EMAs and MAs, forming HHs and HLs. -bullish
Broken out of the descending wedge and re-tested the 0.238 Fib support - confirmed reversal and very bullish.
ABC correction carried out in April & May.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Comment:
Note, BTC is highly correlated to S&P500. When the SXP has a correction, BTC follows:
Comment:
Note well:
If you have Altcoin positions, Bitcoin Dominance is a very important metric to follow:
If you have Altcoin positions, Bitcoin Dominance is a very important metric to follow:
