Looking into the monthly, the picture is becoming clearer and clearer. Bitcoin is showing strength to the upside, and we can factor in the current state of FIAT to support this further upside. Expecting aggressive volatility, the best strategy here is to wait for more confirmation. (If you are not in already) A reaction at 12k-13.6k will set the tone. The...
From my last post to now, what did you observe? If we look into the lower timeframes, we notice one thing: - we get scared. - we read headlines. - we cloud our judgment. The most successful and rewarding trades of all are always done on a macro scale. With this simple fact we must learn to be patient and trust in the macro timeframes. IMO , this is a long. A...
Another day, another chart. A closer look at the daily. Range Low 78xx Range Mid 82xx Range High 87xx
If we follow this chart, the levels are clear. Bitcoin is doing exactly as it should be doing. We are looking for invalidation by holding in the 7300-7700 zone to wash away our current bear bias. We are looking for 6100-6600 to hold as our support. Which was once our old range high/range low. A failure to hold the current 7400-7700 has me believing we see more...
Ignore the noise. Pay attention to what matters. Bitcoin is doing everything it is supposed to be doing. Tread lightly here, bears. This is just my opinion. Regards,