Narrative Narrative Narrative. I was wrong prior, I can admit that, but the utilization of fundamentals pointed me into further liquidity grabs, unfortunately the Federal Reserve have been setting record speeds keeping all markets afloat. If this wasn't the case I can assure you Bitcoin would be down @ $2-3k. Unfortunate I know but no one here has traded during a Pandemic. Moving on...
Regardless of Bitcoin being a risk-on asset during the worst economic crisis we have seen in decades, it's thriving in these conditions. Why? A hedge against inflation, or a masterminded scam by the founders of Tether.
Nonetheless, lets trade the range and ride the trend. Therefore, in-between all the scalping I do, I like to maintain an up-to-date high-time-frame analysis to keep things in perspective. Yes, we may see $14-15k in the coming month(s), but this never negates a liquidity grab down to 8k.
Hopefully this analysis puts an alternative thought into your mind where you can look to hedge and get back in at a later date.
Will be posting more on here now. I needed time off to do some more in-depth research.
If you need me, you know where to find me.
Much love. Anon.
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LTF Update:
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~Very much my consensus with BTC right now, if the trendline holds then 11.2k region looks like a strong place to pick-up bids. If trend-line doesn't hold, then expect a dip into the un-tapped liquidity around 10.5k-10.8k.
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Looks like a potential new triangle may be formed, let me detail down some areas to consider in which outlines a few potential plays.
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Bid 1 in the 1st picture effectively filled. (Yes I got fronted).
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Perfect.
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New Intra-day plan, coinciding with the above analysis.
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Will be updating my most recent post from now on, good day today👍
opinions, allegations. hopes with no basis. Whishful thinking of an usual LONG on BTC. Your boxes in the chart means nothing. No basis whatsoever. You have 50% chances to be right o wrong. So do not call it anlsys. It is just random crap..