We are still Bearish on Bitcoin, 
BTC, with the three SELL signals fired in early April, another Bear Flag formed from May to June, and then the Horizontal Support Line at ($28,975) was broken. BTC has gone down further touching the ($19,620) Support Area. Bitcoin is down over 50% since the indicators in April and 70% since the All Time High in November 2021. The Daily Downtrend Line unfortunately (or fortunately) has a triangle formation at the ($19,620) and the ($13,727) Support Area. We are not trying to time the perfect market bottom, we have been buying small chunks since the ($28,975) Support Area. However, history and chart analysis has our Bitcoin bottom at and around the ($13,727) Support Area in October/November/December, 2022.
Not Financial Advice...Trade with Confidence and Control.
BTC, with the three SELL signals fired in early April, another Bear Flag formed from May to June, and then the Horizontal Support Line at ($28,975) was broken. BTC has gone down further touching the ($19,620) Support Area. Bitcoin is down over 50% since the indicators in April and 70% since the All Time High in November 2021. The Daily Downtrend Line unfortunately (or fortunately) has a triangle formation at the ($19,620) and the ($13,727) Support Area. We are not trying to time the perfect market bottom, we have been buying small chunks since the ($28,975) Support Area. However, history and chart analysis has our Bitcoin bottom at and around the ($13,727) Support Area in October/November/December, 2022. Not Financial Advice...Trade with Confidence and Control.
The future of currency and technical trading is here!
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
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.
The future of currency and technical trading is here!
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
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.