Moment of truth for Bitcoin to react to the 200 day moving average - what I would like to see is a healthy retrace to key level and shorter term MA's before challenging the 200 MA for real.
My base case is the low is NOT in yet for 2023 and there will be a black swan lower but until that news event, Bitcoin is building steam and has already made it much further than I expected and have called for on this pump.
The trend is defiantly up right now so if it breaks the 200MA all lower bets are certainly off but the good news is the levels are extremely clear and stops are easy to place to avoid liquidity stop hunts.
I will long the break of 200MA
I will long the retrace and defend
I will short the break of MA's and key level
I will continue to degen leverage trade shitcoins dependent on Bitcoin telling the crypto market when to jump and how high
My base case is the low is NOT in yet for 2023 and there will be a black swan lower but until that news event, Bitcoin is building steam and has already made it much further than I expected and have called for on this pump.
The trend is defiantly up right now so if it breaks the 200MA all lower bets are certainly off but the good news is the levels are extremely clear and stops are easy to place to avoid liquidity stop hunts.
I will long the break of 200MA
I will long the retrace and defend
I will short the break of MA's and key level
I will continue to degen leverage trade shitcoins dependent on Bitcoin telling the crypto market when to jump and how high