#Bitcoin is being accumulated and this takes time. Before getting out of this mess, it will need many shakeouts, many FUD campaigns, and many #shitcoins to get all of yours. People with unlimited funds want more. In the end, #patienceMan Wins!!
At the moment Bitcoin remaining bearish short-term targeting the low 30's. $34.5k support has now been flipped as resistance.
If bitcoin reclaim 34.5k expect alt to have a nice rally.
Low 30k is a load-up zone for me! I don't mind missing the bottom. A lot of people are selling their SPOT #Bitcoin in the anticipation of buying it back lower.
Not saying it can't work but 50% discount on BTC think again...
many indicators show me we are near to the bottom.
- Btc is oversold on many time frames
- TD9 on weekly
- 50 weekly MA Support
- Yearly low Support
- Fair index at 16% when every one fair full be greedy!. The last time we were this low was when bitcoin was at 3.1k
- Throughout in bitcoin bull market BTC never closed below 50 daily MA unless we are in a bear market. 50 DMA is at 29k at this moment
- We are at D1/D3 demand
- Took a lot of liq/lows (left an important one, front run?)
- About to print a nice bull div on ~equal lows
- stoch rsi at the bottom on weekly
At the moment Bitcoin remaining bearish short-term targeting the low 30's. $34.5k support has now been flipped as resistance.
If bitcoin reclaim 34.5k expect alt to have a nice rally.
Low 30k is a load-up zone for me! I don't mind missing the bottom. A lot of people are selling their SPOT #Bitcoin in the anticipation of buying it back lower.
Not saying it can't work but 50% discount on BTC think again...
many indicators show me we are near to the bottom.
- Btc is oversold on many time frames
- TD9 on weekly
- 50 weekly MA Support
- Yearly low Support
- Fair index at 16% when every one fair full be greedy!. The last time we were this low was when bitcoin was at 3.1k
- Throughout in bitcoin bull market BTC never closed below 50 daily MA unless we are in a bear market. 50 DMA is at 29k at this moment
- We are at D1/D3 demand
- Took a lot of liq/lows (left an important one, front run?)
- About to print a nice bull div on ~equal lows
- stoch rsi at the bottom on weekly
Comment:
Ideally, I want to see bulls reclaim the 33.7K/34.5 area. If this happens then 37k and 39.5 are the next resistance area’s.
Comment:
There we go bull manages to reclaim 34.5k