BTC finds good support at 60k - VLOG #61BTC has been finding great support at 60k. We are starting to get lower highs on the 4 hour suggesting we could be in for some downside soon.
As price gets squeezed between 60k and lower highs it increases chance of a significant move up or down.
I've been wrong on major trend reversals at these points a couple times the past few months, but again, I can only really read it one way.. i wouldn't buy up here, price often comes down after highs like these, so I'm tipping for correction.
PREDICTION = 60k breaks, back into the 50s.
Some other ALTs I glanced at today were LSS, STEP, VRA, SLP, DYDX, DOT and KSM.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:20 = Big candles
2:00 = 4H desc triangle
4:00 = Bearish pattersn are now bullish?!
5:15 = cryptopanic news
6:50 = Sideline money leave again?
9:00 = Dont buy tops
9:45 = CoinMarketCap alts
12:50 = Traditional markets
15:00 = LSS - Lossless
15:20 = STEP
16:00 = VRA - Verasity
17:00 = SLP
17:20 = DYDX
18:20 = DOT + KSM
19:30 = Closing words
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NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
STEP
Bitcoin follows the beat of its own drum! - VLOG #60BTC making me look like a clown!
Been a while since my last VLOG. Bitcoin has been wiping the floor with me, i had a call for top at 53k and BTC just destroyed me lmao.
Despite BTC breaking every bit of TA you can throw at it, breaking out of a descending triangle to the upside?!?!... despite that this is actually the most I've traded so far this year.
Important to be flexible with your bias, there have been good triggers for longs here, and even if I think its fookin whack that BTC breaks 50k, if it does it does and I gotta long! No choice!
Today I also took a look at LSS / STEP / THETA and RUNE
Spent some time reviewing LSS, was criminally undervalued and got a great correction. Seeing similar patterns to LSS across the alt space right now with HTF descending upper trend lines that are squeezing against major support.
PREDICTION = Could see a flush to below 60k soon, id love to see chop here and give alts a chance to moon.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
2:00 = BTC doing the impossible
5:00 = Flipping bias
6:00 = Clear graph, fresh look
9:00 = BTC 1 weekly
9:30 = Terrible steak analogies
11:30 = LSS - Lossless - LSSUSDT
13:40 = LSS fundamentals
16:40 = STEP - STEP finance - STEPUSDT
18:05 = THETA
19:10 = RUNE
19:30 = Closing words
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NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.