TradingView
Big_Mike716
Apr 16, 2021 4:42 PM

BTC Long

Bitcoin / United States DollarCoinbase

Description

I'm thinking BTC will shake out a bit here B4 heading on a monster bull run through out May into June, I think altseason is about done for now and we will see most of the money flow to BTC and I come to this conclusion because of my BTC.D analysis you guys can simply check my profile to see my position on BTC.D
I think BTC.D is showing us that BTC is about to go parabolic, you can also check weekly TF on BTC & BTC.D the stochastic RSI is a match. So I shared last week or maybe even 2 weeks ago on my social media twitter platform that I believe altseason is done for now but not over at all just taking a break and most crypto gain will be in BTC and also some alts can surprise. Like I have SKL open. Maybe MATIC XLM as well. But right now the OTC penny stock sector is coming back to life. The sector has been super categorically wrecked since mid Feb 2021. Soon these penny stocks will rise from their graves and make big gains to patient investors and also traders like myself whom pay attention to these cycles. My point is I crushed the altseason took profits left some alts open to have some exposure to any surprise moves in crypto that I didn't foresee or to catch a surprise run in some small micro cap like skl. Rather moved the cash back to my brokerage and started adding to old penny stock positions and also buying new one's that look good. BTC micro cap mining stocks are a way to capture the BTC gains with out have to pay 60k. Anyway I will be focused on mostly OTC penny stocks for the next month or two.
Thanks for reading and Big Mike loves u.
Comments
Stone881
Looks to me like BTC is likely to print another inverse H/S on the hourly which will light the fuse for more gains
Big_Mike716
@Stone881, agreed
rb675
Thanks for sharing.
Have a great weekend.
God Bless
Big_Mike716
@rboltz675, u too bro..
UnknownUnicorn17255216
You might be right, BTC hash rate is now highest in history!
Big_Mike716
@TPB-HODL, how does that affect the price, I am assuming positive based off your comment..
UnknownUnicorn14679555
Historically, may June July is always alt season during a bull run, we also have another scenario where btc price go up but dominance stay about the same
Big_Mike716
@ksqndx2pqq, agreed. And BTCD still falling, now I am expecting 50% B4 a bounce, and like I said I still have a few lagging alts open. But he BTD weekly & Daily TF are way oversold ready to bounce
More