Hello everyone
After a week with no ideas, I’m back! A lot to talk about today, let's get straight into this!
So first of all we've seen a relatively stable market for the last couple of days. BTC price stays between the 6.3K and 6.8K. That’s a very good sign. A couple of ideas ago I told you guys that I thought this market was going back up. We saw between may 30th and June 6th that the prices were stable aswell. Then I wrote that we've could see a possible break through like we saw back in the end of march. First of all a week or 2 with very stable prices and then a very nice uptrend. we can say that the stable price-action of the beginning of June was a false alarm. Now we're back with a stable market at a much lower point, this could really be it!
The next thing I want you to look at is the triangles. So we can see that the range between the highs and lows are getting smaller. that's because the volatility went down. The volatility went down because of the volume. If you check the volume bars, you can see that it has never reached the highs of December. The volume is consistently going down and that's the only scary thing that we're experiencing RN. So the logical result: if we go back up in the uptrend and the volume stays the same or decreases more --> then we will never go higher than the 9K mark. The thing that could save the low volume:
- BTC-etf
- ETH futures
- new institutions/ big investors coming in.
My next move:
- So we can clearly see that there is a huge potential in price action at the moment. The fundamental news is getting more positive aswell at the moment (ETH futures, ETH not a security, BTC etf,...)
- we can see that we are creating a nice new support-line at the moment. we're holding strong at 6.2K. For me we're def in a buy zone at the moment.
The most important things we've to look at:
- volume increasing?
-breaking through the downtrend?
- are we holding are support level
- Are we going through our next resistance (will be determined by volume)
my orders:
- I set my orders on 6.3K, if the markets go down, 6.3K will be a solid price at the moment if you ask me
- If BTC will continue to raise--> try to buy at a moment of lows (6.5/ 6.6 depending of the volume and momentum).
- Now at the moment I'm going to hodl and I’m going to wait to thick my wallet.
Give it a like if you appreciated it
comments and thoughts are always welcome
My orders are my thoughts and are no financial advice!
After a week with no ideas, I’m back! A lot to talk about today, let's get straight into this!
So first of all we've seen a relatively stable market for the last couple of days. BTC price stays between the 6.3K and 6.8K. That’s a very good sign. A couple of ideas ago I told you guys that I thought this market was going back up. We saw between may 30th and June 6th that the prices were stable aswell. Then I wrote that we've could see a possible break through like we saw back in the end of march. First of all a week or 2 with very stable prices and then a very nice uptrend. we can say that the stable price-action of the beginning of June was a false alarm. Now we're back with a stable market at a much lower point, this could really be it!
The next thing I want you to look at is the triangles. So we can see that the range between the highs and lows are getting smaller. that's because the volatility went down. The volatility went down because of the volume. If you check the volume bars, you can see that it has never reached the highs of December. The volume is consistently going down and that's the only scary thing that we're experiencing RN. So the logical result: if we go back up in the uptrend and the volume stays the same or decreases more --> then we will never go higher than the 9K mark. The thing that could save the low volume:
- BTC-etf
- ETH futures
- new institutions/ big investors coming in.
My next move:
- So we can clearly see that there is a huge potential in price action at the moment. The fundamental news is getting more positive aswell at the moment (ETH futures, ETH not a security, BTC etf,...)
- we can see that we are creating a nice new support-line at the moment. we're holding strong at 6.2K. For me we're def in a buy zone at the moment.
The most important things we've to look at:
- volume increasing?
-breaking through the downtrend?
- are we holding are support level
- Are we going through our next resistance (will be determined by volume)
my orders:
- I set my orders on 6.3K, if the markets go down, 6.3K will be a solid price at the moment if you ask me
- If BTC will continue to raise--> try to buy at a moment of lows (6.5/ 6.6 depending of the volume and momentum).
- Now at the moment I'm going to hodl and I’m going to wait to thick my wallet.
Give it a like if you appreciated it
comments and thoughts are always welcome
My orders are my thoughts and are no financial advice!