TheChartWhisperer

BTC Perfect 233ma Bounce - 42k next?

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
I didnt sleep much last night, the price of BTC was at a critical level, right on the 233ma weekly and fibonacci pivot points where I just had to open a low risk 5x long on ETH. SL would have hit if the price went below the pivot support - which it didnt. Basically caught the bottom!

Further to this perfect support, I also was watching the ETHBTC chart, which bounced PERFECTLY on the fibonacci retracement - and when ETH is bullish against BTC, that means one thing. Bull F421387king Run.

I lost a bunch on the way down buying low risk on various supports, trust me, but this could really be the end of the massacre and time to make it. Who knows? The charts look very promising to me. And we are now poking our head above the 200ma again. This time, I believe for good.

PS: Also DXY showing bearish signs, coming from very overbought territory, as BTC is coming from oversold. Bias is definitely bullish.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.