- 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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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.