he's baaaaaack.
a new ATH and support at $39.6k means it's open season for 2x leveraged bulls all the way up to $79k-$80k, where i'm expecting the next local top.
keep in mind that BTC was due for a correction before the ETF news dropped, which effectively cancelled the correction and propelled prices higher. when corrections are overdue, prices are susceptible to a flash crash. could be a bit bloody for alts, but would present excellent buying opportunities.
also worth noting that price is back on top of the logarithmic bull trendline that started the run back in early 2020.
we've also clearly broken through this sinister resistance line, which historically has led to massive growth.
a new ATH and support at $39.6k means it's open season for 2x leveraged bulls all the way up to $79k-$80k, where i'm expecting the next local top.
keep in mind that BTC was due for a correction before the ETF news dropped, which effectively cancelled the correction and propelled prices higher. when corrections are overdue, prices are susceptible to a flash crash. could be a bit bloody for alts, but would present excellent buying opportunities.
also worth noting that price is back on top of the logarithmic bull trendline that started the run back in early 2020.
we've also clearly broken through this sinister resistance line, which historically has led to massive growth.
Note
binance.us taking "flash crash" to a new level lolNote
for anyone who's been asleep for the last 3 months, here's your chance...
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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.