Here's some hopium fellow BTC bulls...
We have already touched 100-D MA, which has been a historically strong support since the last 2 bull runs.
We have also created a bullish divergence (as outlined by the green lines).
Some major alts have already dumped by more than 50% overall this week, which already feels like maximum pain.
A bounce is due. At least, I hope so.
(Might wick to around 48k then bounce)
We have already touched 100-D MA, which has been a historically strong support since the last 2 bull runs.
We have also created a bullish divergence (as outlined by the green lines).
Some major alts have already dumped by more than 50% overall this week, which already feels like maximum pain.
A bounce is due. At least, I hope so.
(Might wick to around 48k then bounce)
Trade active:
Seems to be correct so far, but I expected a stronger bounce. It's the weekend now anyway, so we'll see how this goes on Monday. I'm happy to have bought a big bag for long term hold around 48k though. :)
Comment:
Bull div after bull div. Looking good so far. Next target: 55k
Trade closed: target reached:
Already hit $55k. Will re-analyze the charts again from here. Congrats to everyone who bought the dip.