Just as expected Bitcoin is being rejected from the 200MA.
Bulls still appear to be in control, so we should test the .618 Fib ~$65k.
The real line in the sand is breaking through the trendline ~$68k.
IF we close above that, the bulla will be in full swing!
I'm still keeping 10% cash on the sidelines regardless for one last generational buy opp, although those days are looking numbered.
There's still a lot of macro conditions that are concerning, hence the Fed 50 bps rate cut.
Bulls still appear to be in control, so we should test the .618 Fib ~$65k.
The real line in the sand is breaking through the trendline ~$68k.
IF we close above that, the bulla will be in full swing!
I'm still keeping 10% cash on the sidelines regardless for one last generational buy opp, although those days are looking numbered.
There's still a lot of macro conditions that are concerning, hence the Fed 50 bps rate cut.
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.
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.