I do think that we broke the down trend that we were in sinc the 5 k all time high for btc with all the things I wanted revealed to me on the 4 hour time frame has occurred so I do believe the bear market or down trend is over with. I will say I have had a tough time trading if it isn't short over the past few days because based on fundamentals and news I think this market is in a lot of trouble and that because btc is still so high that shorting does provide much greater returns imo than going long. But with that said for the moment with lack of good news lack of volume and excitment i think were in for another dip. I do hope to put in a long position once this dip occurs. I would love for it to retest the bottom at 3 k not only for a great entry point but to build solid support there for the future. More likely we retest the 3500 and build support or stop and go sideways then down again. I did highlight the area of interest.
I attached the 4 hr btc chart where you can see everything we needed to call it the bottom.
Would love for comments and feedback. I'm a new fulltime trader with little to no groups of ppl to talk with and ask questions or help answer their questions.
I attached the 4 hr btc chart where you can see everything we needed to call it the bottom.
Would love for comments and feedback. I'm a new fulltime trader with little to no groups of ppl to talk with and ask questions or help answer their questions.
