BitcoinLong
Slightly Bullish hovering around the 40k magnet line.
Updated
This is a much riskier play to take here.
The graph is the previous 6months of BTC action.
It has been 2 months since the massive Bear win. Bulls had a weak and short attempt at raising the highs. Ever since, it has been a standstill around 40k with both sides making attempts and ultimately failing. A price both sides get attracted to like a magnet.
The center "magnet" line is where the price hangs out most of the time barring any crazy news or massive buying/selling periods.
We are currently above the magnet line along with the moving average. If it can reach the greenzone, this may be another high breaking attempt if it breaks upwards. Otherwise we are likely to drop back to the magnet and wait for the next move.
The graph is the previous 6months of BTC action.
It has been 2 months since the massive Bear win. Bulls had a weak and short attempt at raising the highs. Ever since, it has been a standstill around 40k with both sides making attempts and ultimately failing. A price both sides get attracted to like a magnet.
The center "magnet" line is where the price hangs out most of the time barring any crazy news or massive buying/selling periods.
We are currently above the magnet line along with the moving average. If it can reach the greenzone, this may be another high breaking attempt if it breaks upwards. Otherwise we are likely to drop back to the magnet and wait for the next move.
Note
Looking like a bounce off the green-zone. Looking like the magnet will take over and we drop down to 40k.
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