Context:
Red: Resistance
Green: Support
Purple: Channels/trends
Gray: 50 SMA
Yellow: 20 MMA
Blue: 50 MMA
Bitcoin is at a crucial support level here. And like many retards, I'm confident in what's going on.
Here on the 4H chart we can see a descending wedge, bullish RSI divergence with an absolute RSI low of 21, and a sustained support line dating back December 20th, 2020. With the US economy seemingly more unsteady and at boiling point, I do believe smart money is looking to allocate their capital as to hedge against a societal recession/collapse. Inflation hit new 40 year highs?! Whatttt?! Cut the shit. We knew this was coming.
Red: Resistance
Green: Support
Purple: Channels/trends
Gray: 50 SMA
Yellow: 20 MMA
Blue: 50 MMA
Bitcoin is at a crucial support level here. And like many retards, I'm confident in what's going on.
Here on the 4H chart we can see a descending wedge, bullish RSI divergence with an absolute RSI low of 21, and a sustained support line dating back December 20th, 2020. With the US economy seemingly more unsteady and at boiling point, I do believe smart money is looking to allocate their capital as to hedge against a societal recession/collapse. Inflation hit new 40 year highs?! Whatttt?! Cut the shit. We knew this was coming.
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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.