SUMMARY: Opportunity to increase ones' stack, several weeks of re-accumulation
We had a period of distribution for several months and a sharp sell off, driven by institutional volume.
-- Technical --
I have added in support and resistance lines for what I believe the TR will be. Most strategy is explained in the chart.
-- Fundamentals --
A lot of FUD in the media, its seems to be co-ordinated. I am still super bullish for BTC and crypto.
*Expect more pressure to be put on Alt coins in the coming weeks.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, have I got it right? Let me know below.
We had a period of distribution for several months and a sharp sell off, driven by institutional volume.
-- Technical --
I have added in support and resistance lines for what I believe the TR will be. Most strategy is explained in the chart.
-- Fundamentals --
A lot of FUD in the media, its seems to be co-ordinated. I am still super bullish for BTC and crypto.
*Expect more pressure to be put on Alt coins in the coming weeks.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, have I got it right? Let me know below.
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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.