BTC and the current trading range
I am a #BTC bull, so any contrarians should reverse everything I say from now on.
#Bitcoin halving is days away. The trend following a halving is at least 6-months to the upside. We're already 2 months into a #BTCUSD bull-cycle. So I am bullish in this current trading range, meaning looking for "Buy-the-Dips".
The trading range is from the ATH @ $75185 in the futures down to $61790, so buying under 68470 is my idea of being a "BTD" investor. I thought Wednesday this week was my last chance but the market gods gave everyone at least a second bite at the apple. On review, we could also see $64370 get tested so I am holding out for that level now.
I like the weekly volume analysis as the Points of Control give some decent context to where to look for the trades. If you test the range from the beginning of March 69K is the level everyone is looking to act as a pivot.
Below $62k I crawl back under my rock and think of something else to analyse.
#Bitcoin halving is days away. The trend following a halving is at least 6-months to the upside. We're already 2 months into a #BTCUSD bull-cycle. So I am bullish in this current trading range, meaning looking for "Buy-the-Dips".
The trading range is from the ATH @ $75185 in the futures down to $61790, so buying under 68470 is my idea of being a "BTD" investor. I thought Wednesday this week was my last chance but the market gods gave everyone at least a second bite at the apple. On review, we could also see $64370 get tested so I am holding out for that level now.
I like the weekly volume analysis as the Points of Control give some decent context to where to look for the trades. If you test the range from the beginning of March 69K is the level everyone is looking to act as a pivot.
Below $62k I crawl back under my rock and think of something else to analyse.
I posted this to my subscribers a while ago, seems to be working out so maybe a useful thing for the future too