Long

BTC vs S&P500 - Accumulation Study

By BarrenWaffe

Updated

For my personal use only... no investment advice

Note

After upwards momentum died, BTC fell off the channel and is now finding support at main TL. My thoughts right now:

Note

Initial LPS seemed too weak regarding volume profile and retracement. way to slow decline to be a sort of a shakeout. This dump looks more like it. As long as 7k isnt broken I remain bullish for a potential 8400-ish target. If we leave the trading range I will start to switch to bear mode and build a short position.

BarrenWaffe

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