Here's some hopium fellow BTC bulls...
We have already touched 100-D MA, which has been a historically strong support since the last 2 bull runs.
We have also created a bullish divergence (as outlined by the green lines).
Some major alts have already dumped by more than 50% overall this week, which already feels like maximum pain.
A bounce is due. At least, I hope so.
(Might wick to around 48k then bounce)
We have already touched 100-D MA, which has been a historically strong support since the last 2 bull runs.
We have also created a bullish divergence (as outlined by the green lines).
Some major alts have already dumped by more than 50% overall this week, which already feels like maximum pain.
A bounce is due. At least, I hope so.
(Might wick to around 48k then bounce)
Trade active
Seems to be correct so far, but I expected a stronger bounce. It's the weekend now anyway, so we'll see how this goes on Monday. I'm happy to have bought a big bag for long term hold around 48k though. :)Note
Bull div after bull div. Looking good so far. Next target: 55kTrade closed: target reached
Already hit $55k. Will re-analyze the charts again from here. Congrats to everyone who bought the dip.
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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.