Looking very bullish indeed. It can go as low as 0.0001500 though so DCA is best option .
Buying on breakout or when back testing the upper wedge channel if on leverage.
Hey.
With all these calls for a 100k bitcoin or even 50k and the ultra bullish once above 100k, I had to give it my best to produce a bullish scenario , and there is actually one.
There is a gap at 7600 . If this gap gets filled in this last drop , witch is the bottom of the channel bitcoin has been in since creation. Then we might bottom there and slowly...
This will take some time, The 400DSMA need time to turn bearish.
Big shorts are accumulating while they bought up everything from miners so they can control the continuation of the bear market (grayscale)
Be patient and don't use more then 10x leverage!
Will update once we are at lows of 6k .
Thanks and GL (especially to anyone bullish)
Chart says it all.
1200-1800 (previous cycle top will be tested)
Grayscale will be part of the "big short"
Inverted chart
400MA
Accumulation/Distribution
Thanks
