A 55% pump in 33 days in not sustainable, in any market.
BTC has a bit of room to climb to 33K-35K based on the Golden Pocket (.618 to .65 Fib Resistance area) from the major drop.
It will NEVER decouple from SPX. Wall Street made sure of it in 2019. I cannot stress this enough.
There are volume candles galore to be consumed on the way down.
Based on major and minor Altcoins on my watch list, ETH, and a few Equities plays, I am calling for an Oct/Nov 2023 bottom before we grind out as many of these show falling wedges that squeeze to this timeframe.
Stay focused on the medium-term game (not long game...long game is for grandpa).
We all learned a lot from BTC not climbing over $69k. We learned a lot about ourselves, the risks we're willing to take trading, and the clout chasers who preached $100k+ BTC narrative on social media (I was once that believer too....)
Love you guys. Trade safely.
BTC has a bit of room to climb to 33K-35K based on the Golden Pocket (.618 to .65 Fib Resistance area) from the major drop.
It will NEVER decouple from SPX. Wall Street made sure of it in 2019. I cannot stress this enough.
There are volume candles galore to be consumed on the way down.
Based on major and minor Altcoins on my watch list, ETH, and a few Equities plays, I am calling for an Oct/Nov 2023 bottom before we grind out as many of these show falling wedges that squeeze to this timeframe.
Stay focused on the medium-term game (not long game...long game is for grandpa).
We all learned a lot from BTC not climbing over $69k. We learned a lot about ourselves, the risks we're willing to take trading, and the clout chasers who preached $100k+ BTC narrative on social media (I was once that believer too....)
Love you guys. Trade safely.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.