BITCOIN TARGET HIT, WHERE IS PRICE HEADED? AND TIKTOK CRYPTO BAN
In today's post, I will go over TA for Bitcoin and the TikTok Crypto Ban.
Bitcoin TA:
In yesterday's post, I went long on Bitcoin upon the breakout of the DOUBLE W double bottom, where price formed a double bottom within a double bottom and the target of that trade was 34.6K, which has been met. Price is now testing the 200MAs on the 15Min TF as I am typing this. If price can hold here and break above 34K, I will stay bullish and might even open up another long position. If price fails to hold here and closes below 33.7K, then I will be short term bearish and will wait for some bottoming pattern before going long.
TikTok Crypto Ban:
The only thing I want to say is this. We in the crypto community need to be united. We should not stand for any infringement on our freedom of speech and our freedom of expression regardless of what part of the community is getting attacked. There is no room for tribalism. We should not be celebrating the fall of a community simply because we are in another community. If we do that, then outside forces will continue to divide and conquer us and we will be doomed. Unite to fight a common enemy instead of engaging in in-fighting.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Bitcoin TA:
In yesterday's post, I went long on Bitcoin upon the breakout of the DOUBLE W double bottom, where price formed a double bottom within a double bottom and the target of that trade was 34.6K, which has been met. Price is now testing the 200MAs on the 15Min TF as I am typing this. If price can hold here and break above 34K, I will stay bullish and might even open up another long position. If price fails to hold here and closes below 33.7K, then I will be short term bearish and will wait for some bottoming pattern before going long.
TikTok Crypto Ban:
The only thing I want to say is this. We in the crypto community need to be united. We should not stand for any infringement on our freedom of speech and our freedom of expression regardless of what part of the community is getting attacked. There is no room for tribalism. We should not be celebrating the fall of a community simply because we are in another community. If we do that, then outside forces will continue to divide and conquer us and we will be doomed. Unite to fight a common enemy instead of engaging in in-fighting.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
