BITCOIN (2020-02-02) Supply and Demand = Bulls in Control 🤑🤑🤑
Updated
- Supply versus demand dynamics had a change of character based on volume.
- Bulls are now in control, but must hold the retest of supply at $9,400!
- 🚨 A break below 9,200 with strong Bear Volume will invalidate this analysis.🚨
Note
💡At this point, if you accumulated below $9,000, it would be ideal to move 50% of your active investment in Bitcoin in cold storage and HODL now. ...because if I'm wrong and we reject from $9,400 and correct down 10-20%, this will prevent you from selling all your Sats at the bottom. Even the best TA in the world won't be able to catch a parabolic move up. Instead of timing the bottom, Dollar Cost Average with additional capital once the correction comes. 😜Trade active
Deciding moment, be on the lookout for Higher Lows versus Lower Lows...on overall low volume, as I suspect supply is exhausted...
that should clue you in on what the whales are secretly doing.
Trade closed: stop reached
Stopped out at $9180Bears in total control as we've exited the 5-day Trading Range with strong volume.
I expect a swift 1-2 week correction.
This is you opportunity to load up on a good Long position in the next week or so.
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