Dear Bulls, it will be OK. Buy the dip!
Opinion
Fax No Printer
Conclusion
Great RR to buy the dip!
- Only bullish news, El Salvador bought the dip, and will keep buying to inflate the price post Bitcoin Day.
Fax No Printer
- We're trading above 50-day MA.
- Trend is still up.
- Price is building a support structure and demand zone in the orange area, with volume.
- Retracement was mostly big wallets taking profit and overleveraged longs.
- Retracement was overdue, funding fee on altcoins was high, funding is now flat/slightly bullish again.
Conclusion
Great RR to buy the dip!
Note
First TP is 50k zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.