Novice traders think like this- Everytime market goes down, they are bearish.. Market goes up, everyone is bullish. Agree?
I'll keep this short and sweet.
Take a breather and look at the MACRO.... I don't think we get any more bullish than this.
Triple Bottom on the Daily
We just completed a retracement to the 618 of the entire last markup. This is where institutions will be reentering the market. Move with the whales.
Your Long R/R is very favorable here.
Movement from 4k -> 14k was only the first wave, we're going to enter the second.
Divergence between network daily transactions and price action. number of transactions rising; price declined.
I'll keep this short and sweet.
Take a breather and look at the MACRO.... I don't think we get any more bullish than this.
Triple Bottom on the Daily
We just completed a retracement to the 618 of the entire last markup. This is where institutions will be reentering the market. Move with the whales.
Your Long R/R is very favorable here.
Movement from 4k -> 14k was only the first wave, we're going to enter the second.
Divergence between network daily transactions and price action. number of transactions rising; price declined.
Comment:
Up we go! Momentum to the upside, I'll update this if any bearish signals arise
Trade active:
Again... Funny how everyone was capitulating at the sub 8k region... Congrats to those who longed