Greetings Fellow Trading Viewers,
What a fantastic run we have and are seeing on King $BTC. Ive been super bullish for many weeks now (See previous posts). But i think Bitcoin is into the "Danger Zone" for Bulls like me.
Red box - Danger Zone.
Green Box - Area i would like to enter a long. Approx the middle of the box would also be the support for the long...
Hello, this is a "what If" Situation...
BUT.. What if, we are here as marked on the chart. If (which i believe going into the Halving) we are actually at the bottom of a channel then $BTC has much further to grow.
A couple of very positive signs.
1- Dumps are on smaller volume (seller seem weaker each time) and getting bought up really quickly
2 - Printing of...
For study reason, i call this the 3 waving ghosts. We have already seen 2 waving ghosts and usually things come i 3's. Lets see how this plays out.
Bullish to $7,700. A special shout-out to Kevin Svenson for this idea.
As you can see from the chart, Buy Zone hit and bids filled in the 400 sat range.
Now we want to see a nice little rally to the resistance around 600 sats range.
All goes to plan, 50% gains in the bag.