Long

bitcoin possible bottom

Updated

possible bottom on BTC here. stacked bid below here all the way down to 40k. down more than 40% frrom ath. there is a lots of fear in the crypto markets right now which is usally a good time to buy. long spot frrom 41.9k

Note

if that was the bottom and we start a new uptrend from here my pivots to watch are 48.5k , 55k and 64.5k

Note

will close if we lose 38k ish and look for better entry around low 30's

Trade closed: stop reached

Note

will look to buy back spot again if 40k is broken. legacy markets bounced hard today, but FOMC on Wednesday may kickstart the selling again.

Note

a daily candle close over 40k and im long again. downtrend starting to break, decoupling from legacy markets are bullish signs.

Trade active

Note

Looks to be consolidating in this pennant. Fundamentals are stronger than most think right now. Do Kwon publicly buying $3 Billion worth of BTC. Last nights move during Asia session was sparked by him buying only $125 million worth. El Salvador BTC backed bond. Goldman executing their first BTC trade. Legacy markets now only down 10% from ATH.

Note

BTC back above bull market support band. Closed the weekly candle above for first time since late November 2021, also back above the yearly open of 46,211. Technically speaking we are just at the range highs and this is not the time to add to your position just yet. Look for a dip to 43k to add for a continuation of higher lows, or a break of 50k.

Note

Updated look @ the daily chart

Note

Everybody wants a dip to 43k until its time to buy the dip @ 43k . Be the bid you want to see

Robohand

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.