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Looks like we may be hitting a BTC bottom. Dollar cost averagingLooks like we may be hitting a BTC bottom. Dollar cost averaging areas of preversiou support and resistance have been fairly strong in the past but as always this doesn't indicate it will be a guarantee in the future. We do see that a rest should be coming and some sidewise action following but we also have hit so very near the previous market cycle high. For this and many reasons suchs the easy money short was weeks ago we are long on the sentiment VoodooWarlord Trade trend indicator (improved NinjaScalper ) indicated a long area of mass casualties as accounts were in for much more blood on June 8th and that shared warning was still north of $30K bitcoin price. We still have no strong conviction for a b uy area yet just strong points for DCA twitter.com #NinjaScalper and the improved version #VoodooWarlord are trade trend aggregators used to help shape trade decisions in the Banter Bucks Wealth Fund neither are to be taken as investment advice. They only provide edutainment
Long
by Osirustwits
2
Is this a trend reversal?Hello everyone, some of you might watch this because you bought Pickle Finance after it has been shilled several times on the YouTube channel Crypto Banter. You might have bought in at a high level and seen the price decline over and over again. However, we might have spotted a trend reversal. Only 5 days ago Pickle saw it's lowest point at $6. And this might have been the bottom. The reason is Pickle is forming a falling wedge. This is a bullish formation where the price sets lower highs and lower lows, and the range is contracting, meaning the sellers are slowly losing pressure. Despite believing a move down will happen in the next few days, I think a breakout to the upside of the wedge in the next 1-2 weeks will happen. The RSI is showing strength, reaching a level last seen before the huge Bitcoin crash. It also shows a bullish divergence from the last low at $6. Further downside is also still a possibility as shown by the red arrow, however I do not favor this option but it is always something to keep in mind. Did you fomo in at the higher levels? This is a great time to lower you average buy-in. It will take some time to recover though. Bitcoin and larger alts usually run first and we haven't really see that happen, but in crypto, the market can turn at any time!
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by bronzieplays