BTC. What are you up to?
Sitting exposed but very wary and alert while the majority still seem bullish. Whereas I have not sold, I am now constantly watching all resources and charts to see what happens next.
BTC quarterly candle indicates that this bullish frenzy this last quarter was nothing but a wolf in sheeps clothing. Where most saw strength, the last quarter was anti-climactic to put it mildly. A candle like that shows me that investors are not yet ready to keep BTC above that 64k Mark.
That being said, IMHO, if we don't flip 52k by monthly/quarterly close, we could expect quite some downside.
Timing here is everything.
On the lower hand, if we break down from here, the 29th could possibly bring a nice relief rally provided it hits the 43K mark on point on that cross support, any other way, we break down to 42k and pray that it holds.
Ranging where we are right now? its hard to tell what will happen but whatever does happen it needs to happen within the next 60days.
Even so,,, looking at that BTC Quarterly Candle on barchart dot com, its ugly.
That and the shitshow that is slowly unveiling in current world affairs.
All said, Im still in but as Ive stated before.
I however have been wrong in the past(namely June/July dump), I'm still learning as I go along, yet frankly, the BTC run since then seems way overextended, lazy and uncertain for my liking.
On HIGH alert.
BTC quarterly candle indicates that this bullish frenzy this last quarter was nothing but a wolf in sheeps clothing. Where most saw strength, the last quarter was anti-climactic to put it mildly. A candle like that shows me that investors are not yet ready to keep BTC above that 64k Mark.
That being said, IMHO, if we don't flip 52k by monthly/quarterly close, we could expect quite some downside.
Timing here is everything.
On the lower hand, if we break down from here, the 29th could possibly bring a nice relief rally provided it hits the 43K mark on point on that cross support, any other way, we break down to 42k and pray that it holds.
Ranging where we are right now? its hard to tell what will happen but whatever does happen it needs to happen within the next 60days.
Even so,,, looking at that BTC Quarterly Candle on barchart dot com, its ugly.
That and the shitshow that is slowly unveiling in current world affairs.
All said, Im still in but as Ive stated before.
I however have been wrong in the past(namely June/July dump), I'm still learning as I go along, yet frankly, the BTC run since then seems way overextended, lazy and uncertain for my liking.
On HIGH alert.
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