Bro. Remember the 128 day moving average during a bull market.
Updated
During a BTC Bull Market, that is, the current market, BTC uses the 128 day moving average as a support. I feel like a lot of traders are feeling short term bearish when they absolutely shouldn't. Descending Triangle...I get it. But last year's descending trial which broke mega bear was during a bull market.
Heres some food for thought. Although a descending triangle is a bearish pattern, perhaps the odds of it breaking to the upside are significant when one considers the BULL market that we are in. And of course, when one remembers the 128 day moving average. Bro. BTC LONG 11200...... like long trade of course we might wick a little low but all that is.......is opportunity ;-) Peace. Elbow Grease, and Fiat Defeat!!! Moon bro.
Heres some food for thought. Although a descending triangle is a bearish pattern, perhaps the odds of it breaking to the upside are significant when one considers the BULL market that we are in. And of course, when one remembers the 128 day moving average. Bro. BTC LONG 11200...... like long trade of course we might wick a little low but all that is.......is opportunity ;-) Peace. Elbow Grease, and Fiat Defeat!!! Moon bro.
Note
I meant bear.....21 minutes agoDuring a BTC Bull Market, that is, the current market, BTC uses the 128 day moving average as a support. I feel like a lot of traders are feeling short term bearish when they absolutely shouldn't. Descending Triangle ...I get it. But last year's descending trial which broke mega bear was during a BEAR market.
Note
I meant the descending triangle broke bearish in a BEAR market.
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.