The king is going sideways (BTC)
Updated
Get rid of all the crazy indicators for short term trading and focus on the bigger picture. BTC is accumulating nicely between the uptrend support (6400+, black line) and the 1st resistance (7600, horizontal line).
Going sideways is good. Waiting for the king to put on some weight and either go up or down. Invest in the outcome, not the assumptions. Patience is key.
Keep your analysis simple and enjoy a stress free mind.
Going sideways is good. Waiting for the king to put on some weight and either go up or down. Invest in the outcome, not the assumptions. Patience is key.
Keep your analysis simple and enjoy a stress free mind.
Note
Damn did the bulls just won the fight within an hour or two? If it holds the 7500 level, we can add positionsNote
Great breakout and great profits, next big resistance is 8450. If it breaks we can see a huge bull run to 12.000
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