The low is probably not in for Bitcoin.
This is probably not it folks...
A supposed break of structure to the upside should only be considered as the beginning of an accumulation.
Therefore I am anticipating a delivery lower before any real upside presents itself.
I'm not considering any long positions before the low is swept.....
reasoning; trader psychology
Either way, BLX on the monthly chart looks good. Both retracement % and amount of bearish monthly candlesticks line up with what we've seen before.
Not to mention that the bitcoin halving is creeping up ......
Can't go wrong with buying some bitcoin, even if you don't get the best fill price (for long term holdings).
A supposed break of structure to the upside should only be considered as the beginning of an accumulation.
Therefore I am anticipating a delivery lower before any real upside presents itself.
I'm not considering any long positions before the low is swept.....
reasoning; trader psychology
Either way, BLX on the monthly chart looks good. Both retracement % and amount of bearish monthly candlesticks line up with what we've seen before.
Not to mention that the bitcoin halving is creeping up ......
Can't go wrong with buying some bitcoin, even if you don't get the best fill price (for long term holdings).
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