Hey everyone, what a crazy time to be in this space right now! Hope you all are fine out there! No matter if you made it through this mess or not, money comes back, always remeber that! There will be tons of new opportunities out there in the future, this space is just evolving more and more. As scammers get revealed, people will be much more cautious, as it...
Hello out there! As I mentioned one year ago () based on pure price action, the move of Dec.18'down to ~ 3,2k was not a clear weekly reversal candle to me after the drop from 6k. Looking at the structure today, the weekly candle looks pretty nasty BUT with high buying pressure at the end. A capitulation with huge volume and a huge wick back above the weekly MA200....
We all know that Bitcoin just hit the weekly 200 MA like in the past. Because of this and other facts like the incoming cross of 50 and 100 MA,which was the second time testing the bottom back in 2015, some of you might think the bottom is in, but some of you don´t. I want to point out that in my opinion it is just too early to stick to one of them. As the chart...