There is nothing worse than bears. Especially when they come for your lunch. We are currently in a battle for the future of our bull market. It was chosen when BTC has a lot of good AND bad for it.
On the upside, sentiment is good in the market. We believers are strong in the faith. The conference in Miami is hopefully learning in the day, buying the dips at night, and fighting gay bears. Michael Saylor has been kind enough to keep us floating in the bull market. I'm sure after all is said and done here, he'll put up on twitter he bought 10 bazillion dollars of BTC in this dip.
The downside, retail investors lost interest. Elon decided crypto was his play thing and we all paid the Doge price for it (over inflated non-functional asset... like AMC right now). BTC is on the brink of forming a death cross, noted by the red arrow. My 50 in green, 100 orange, 200 red. Volume shows high resistance at 37.4.
If we break 36.1 and close on the 4h, we’ll need a ton of volume and pressure to escape, but it is possible.
If we break and close below 34.2, we’re in deep trouble. If we close below 35.5, it’ll be a battleeeeeeee.
Trade with caution and await confirmation that the bulls have control before entering long, even on alts as all coins bow to the king of crypto, BTC.
Pika pika <3, I’m bullish on you and your weekend plans.
On the upside, sentiment is good in the market. We believers are strong in the faith. The conference in Miami is hopefully learning in the day, buying the dips at night, and fighting gay bears. Michael Saylor has been kind enough to keep us floating in the bull market. I'm sure after all is said and done here, he'll put up on twitter he bought 10 bazillion dollars of BTC in this dip.
The downside, retail investors lost interest. Elon decided crypto was his play thing and we all paid the Doge price for it (over inflated non-functional asset... like AMC right now). BTC is on the brink of forming a death cross, noted by the red arrow. My 50 in green, 100 orange, 200 red. Volume shows high resistance at 37.4.
If we break 36.1 and close on the 4h, we’ll need a ton of volume and pressure to escape, but it is possible.
If we break and close below 34.2, we’re in deep trouble. If we close below 35.5, it’ll be a battleeeeeeee.
Trade with caution and await confirmation that the bulls have control before entering long, even on alts as all coins bow to the king of crypto, BTC.
Pika pika <3, I’m bullish on you and your weekend plans.