Wolfgangraydio

BTC resisting bearish pressure and continuing upward trend?

Long
KRAKEN:XBTUSD   Bitcoin / U. S. Dollar
The way I'm seeing this is we've recently had golden cross on the daily charts for KRAKEN:XBTUSD in the past we've experienced flash crash shortly after golden cross during start of bull trend. BTC has fought hard to pull back from this crash and although it looks like it attempted and is retreating, could this just be a larger stair step pattern up? As BTC is slowly climbing up like a tank and FOMOers jump in and shorts stop loss are triggered could this send back into continuation of our upward trend? Seems like with halving near and so many have been awakened to potential of BTC and the larger crypto market I have a hard time believing this dip could last much longer, bulls have already resisted the bulk of bear pressure. I'm still very noob in the field of TA and attempting to use my knowledge of psychology to augment my understanding of charts and indicators, any feedback and insight would be greatly appreciated. And please leave a like as I am trying to build rep points so I can participated in the group chats! thanks - Wolfgang

Comments

yes . halving! 1d k shock! :)
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The rise shoule be after the production,here more is to lure retail investors to buy,thus achieving the goal of cleansing. do you think? friend.
Reply
@black_A after what production? You mean the halving? And what do you mean by cleansing? Thanks for feedback
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