$BTC
Another reminder that pullbacks in bull markets are normal.
It feels like some people have already forgotten what we have seen in September. +80% run followed by -25% pullback. Loyal follows should have bought with low 30K and this dip won't hurt you unless ur overleveraged
Whether the bottom is in or not, I think we're pretty damn close.
So here on the 4H chart, we have a break in market structure with the loss of 58k, which suggests caution in the short-to-medium term* scenario 2 is playing out from the previous update. If 58k was lost next best 2 support was marked at 56.5 and 53k. The next one is 52 zone, then 47-49.
Scenario 2 that's in play right now:
Those who like to DCA these are sweet spot accumulate. At some point, u have to decide what is cheap or expensive for you. These Support levels can all be used as zones to accumulate. Of course, there’s no guarantee we reach the next two zones, hence why I buying dips here! our long-term structures is still intact. This more dragged out correction means the bull market might continue longer then everyone thought.
#bitcoin can create a local bottom. A daily close above 58.3 ( successful reclaim) previous resistance I expect to push towards of 0.5 ($61K) flipping this open the door 0.702 ($63196). This setup will valid the potential $BULLISH expanded Triangle theory.
Below:
Rejection from 58k then the potential to wick low 50’s is
Currently, we’re starting to see a decent bounce as the bullish divergence on OBV and RSI play out. I see resistance levels:
@ 58.2, 59.7, 60.1 Hourly. Breaking above this level is sign of strength.. which we can aim for next month/weekly resistance levels
In last update said I would buy dips in the market as long as BTC remained above 58-60k 4H, so obviously, the plans have changed somewhat due to breaking down from that range. I see another good buying opportunity.
I’ll keep saying this we might chops here for a bit mid/long term plan nothing changed.
Remember the longer it range the big the break out.
I would say 76K is still on the card for this year.
Stock yo flow 8 JUNI chart is intact
---->
Previous update
Long term plan:
Another reminder that pullbacks in bull markets are normal.
It feels like some people have already forgotten what we have seen in September. +80% run followed by -25% pullback. Loyal follows should have bought with low 30K and this dip won't hurt you unless ur overleveraged
Whether the bottom is in or not, I think we're pretty damn close.
So here on the 4H chart, we have a break in market structure with the loss of 58k, which suggests caution in the short-to-medium term* scenario 2 is playing out from the previous update. If 58k was lost next best 2 support was marked at 56.5 and 53k. The next one is 52 zone, then 47-49.
Scenario 2 that's in play right now:
Those who like to DCA these are sweet spot accumulate. At some point, u have to decide what is cheap or expensive for you. These Support levels can all be used as zones to accumulate. Of course, there’s no guarantee we reach the next two zones, hence why I buying dips here! our long-term structures is still intact. This more dragged out correction means the bull market might continue longer then everyone thought.
#bitcoin can create a local bottom. A daily close above 58.3 ( successful reclaim) previous resistance I expect to push towards of 0.5 ($61K) flipping this open the door 0.702 ($63196). This setup will valid the potential $BULLISH expanded Triangle theory.
Below:
Currently, we’re starting to see a decent bounce as the bullish divergence on OBV and RSI play out. I see resistance levels:
@ 58.2, 59.7, 60.1 Hourly. Breaking above this level is sign of strength.. which we can aim for next month/weekly resistance levels
In last update said I would buy dips in the market as long as BTC remained above 58-60k 4H, so obviously, the plans have changed somewhat due to breaking down from that range. I see another good buying opportunity.
I’ll keep saying this we might chops here for a bit mid/long term plan nothing changed.
Remember the longer it range the big the break out.
I would say 76K is still on the card for this year.
Stock yo flow 8 JUNI chart is intact
---->
Previous update
Long term plan:
