How bout a test of da highs? Drop the narratives-ride the waves!
BREAKING:
-Trump says Bitcoin is very very disrespectful to the power elites!
-Blah blah institution says system meant to replace third parties is "not ready for primetime" and presents serious risks to third parties USE EXTREME CAUTION cryptocurrencies are very risky (but u know just forget about that whole grand debt supercycle thingy and the derivatives stuff that's totes safe!)
-Blah blah IYI indoctrinated state-sponsored economist says crypto is all speculation and a ponzi scheme (none of that applies to traditional banking or the stock market tho!)
-XYZ blackmailed/bribed, revolving door government official says Bitcoin is a threat to national security! (Yes yes, some of us were even clever enough to realize how threatening it is to the security of the nation state mafia concept over the last 5-10 years : } Definitely on the same page there. Even scarier would be a nation of critical thinkers! Yikes, goose bumps...we're getting there)
Technicals:
It looks like we may have completed our first correction a midst this new bull market (see linked chart for more detailed description--as expected we retraced 38%--what I also mentioned was anticipation of some nice range bound trading in the short/medium term). I like this 12h time frame, but as always you should keep an eye on all time frames. On the 3d we are seeing some hidden bull divergence start to form. After testing the markets prior interim top (always a good place to look for a reversal), more importantly the vegeta level, the price was immediately bought up and it looks like we are in the midst of a reversal candle on the daily chart. I have added some fib extension levels based on this recent correction (green) in addition to fib retracement levels of the overall rally.
We buy the correction, look for a test of the highs, and win...what do you think? As always you do you. Good luck fam.
-Trump says Bitcoin is very very disrespectful to the power elites!
-Blah blah institution says system meant to replace third parties is "not ready for primetime" and presents serious risks to third parties USE EXTREME CAUTION cryptocurrencies are very risky (but u know just forget about that whole grand debt supercycle thingy and the derivatives stuff that's totes safe!)
-Blah blah IYI indoctrinated state-sponsored economist says crypto is all speculation and a ponzi scheme (none of that applies to traditional banking or the stock market tho!)
-XYZ blackmailed/bribed, revolving door government official says Bitcoin is a threat to national security! (Yes yes, some of us were even clever enough to realize how threatening it is to the security of the nation state mafia concept over the last 5-10 years : } Definitely on the same page there. Even scarier would be a nation of critical thinkers! Yikes, goose bumps...we're getting there)
Technicals:
It looks like we may have completed our first correction a midst this new bull market (see linked chart for more detailed description--as expected we retraced 38%--what I also mentioned was anticipation of some nice range bound trading in the short/medium term). I like this 12h time frame, but as always you should keep an eye on all time frames. On the 3d we are seeing some hidden bull divergence start to form. After testing the markets prior interim top (always a good place to look for a reversal), more importantly the vegeta level, the price was immediately bought up and it looks like we are in the midst of a reversal candle on the daily chart. I have added some fib extension levels based on this recent correction (green) in addition to fib retracement levels of the overall rally.
We buy the correction, look for a test of the highs, and win...what do you think? As always you do you. Good luck fam.
Comment:
First target was reached (12 line chart is based on closes so it does not show there)...on low time frames we have a bull pennant that has formed...assuming it breaks up good chance we get to the second target:
btc_joe: "Steve Jelly Munchkin is a threat to free markets"