Bitcoin Weekly Chart:
Bitcoin has found support on the previous resistance line as shown on the weekly chart above.
If Bitcoin can his can close this current week with a green '1' above the blue trend line, the bear market could finally be over!
This is not financial advice, as I am a self-taught investor.
I don't think the alt run is over yet, though I am wary of any big moves on BTC that could shake things up. So as always in this bear market, I'm keeping a tight stop-loss and booking profits quickly.
As you can see from the chart, we're in a support region with a lot of confluence on the 12H:
- 786 fib line
- Strong resistance-turned Support around 209 sats
Ada broken up above resistance and looking real nice but have some bearish divergence on the lower timeframes and overbought on the higher TF.
Waiting on test of support gained before buying.
Orders set in green & blue.
3 targets in which I plan to unload roughly 20-25% per target, leaving a runner (If trade is success)