ryanc49

BTCUSD Analysis 24/2/22 30min

BITSTAMP:BTCUSD   Bitcoin
Update:

We have seen some extremely bearish news for all assets today, with the news that Russia has started to invade Ukraine so that creates a few things. fear and volatility being the main ones. I am not saying crypto is bullish in the short-mid term but buying a dip from crazy news like this has been beneficial 100% of the time. and you can see that with the buying pressure here.

we have formed an ascending triangle which as you can see we are breaking out of. I am looking to test the blue line at least. nice to see a bullish pattern today could have easily been a 20% red day. many people using this as an opportunity which is good.

this sort of event can also be the catalyst for getting back down to the bearish target, this is the type of situation nobody seen coming that will tank a good percentage of the economy if it gets out of hand, so it is extremely skeptical times. need to be patient and take profits as soon as you receive them. have a small bundle of USDC for scooping up gems on the dip !
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