BTC has made the first part of the 1st major kill at 44k ,crossing over the 200 day moving average ( this is very huge for the market)and now heading to 46K.(see also 1 week chart below).If it leap over that,retraces and hold support at about 40-41k,we will be getting a 50-51K BTC this week. Volume is impressive ,evidence at how fast BTC mops up the shorts as soon as they come.
Red trend line- swing low level if we break below it and below 200MA (NO!! I definitely do not want that!!!!) Blue trend line- If it makes it above that, then 100K BTC is very possible by early 2022.
The most fun part is that the ALTS are breathing better now. If you got entries about a month or months ago, you must have scooped about 100% profit from some of your alts by now and counting... Whales that mopped the BTC you panic sold at 29k 22 days ago has made about 58% profit from your loss.
Lesson: Think like the whales all the time!
Disclaimer: All NFA but personal opinion. Please DYOR!
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.