hellllo everybody, hope your doing very well x
After a really good rally late last week and more buying this week we finally have some closing candles above $40k
Our lovely indicators are now showing bullish sentiment and bitcoin looks ready to make some solid gains over the month, expect a bit of divergence to pull down the price but if $40k holds I'm pretty confident were back in the bulltard ring
fibs are there as a guide and I prefer them upside down on a BTC retracement, no big calls/longs going on which is also good to see, and health for the price to move up further
once/if we get to the ATH then ill make another chart with revised levels for some good exit strategies/prices, I'm seeing a downturn before April possible so we might have a few months to run up against inflating fiat nightmare were being led into - i'd like to see $46k broken and held to make things even more certain, this market can go up as fast as it goes down, let's hope its an exciting ride after some shitty few years regarding tyrant bent politicians - lots of fundamentals going towards the effort here too but can always turn and mess up our profit party x
remember, nothing happens by chance x don't stay lucky, take the right opportunities instead
After a really good rally late last week and more buying this week we finally have some closing candles above $40k
Our lovely indicators are now showing bullish sentiment and bitcoin looks ready to make some solid gains over the month, expect a bit of divergence to pull down the price but if $40k holds I'm pretty confident were back in the bulltard ring
fibs are there as a guide and I prefer them upside down on a BTC retracement, no big calls/longs going on which is also good to see, and health for the price to move up further
once/if we get to the ATH then ill make another chart with revised levels for some good exit strategies/prices, I'm seeing a downturn before April possible so we might have a few months to run up against inflating fiat nightmare were being led into - i'd like to see $46k broken and held to make things even more certain, this market can go up as fast as it goes down, let's hope its an exciting ride after some shitty few years regarding tyrant bent politicians - lots of fundamentals going towards the effort here too but can always turn and mess up our profit party x
remember, nothing happens by chance x don't stay lucky, take the right opportunities instead
Comment:
BIG whipsaws over the last 48 hrs, great for a day trader if u can get the sweet spots!
Anyhow, while upside of that uptrend channel the price was extremely bullish but always going up to fast IMO, some margin plays cause the rapid movements and now we're back in the channel but not out of the woods, selling pressure brought us down to the current support level and ideally i'd like to see this hold for futher gains into the weekend and beyond
BIG whipsaws over the last 48 hrs, great for a day trader if u can get the sweet spots!
Anyhow, while upside of that uptrend channel the price was extremely bullish but always going up to fast IMO, some margin plays cause the rapid movements and now we're back in the channel but not out of the woods, selling pressure brought us down to the current support level and ideally i'd like to see this hold for futher gains into the weekend and beyond
4hr chart just showing the pullback from yesterdays rally
supports holding so far, looks good for more up in the weeks ahead