sanuwat25

The only chart you need for bitcoin still holds true

Long
BITSTAMP:BTCUSD   Bitcoin
As I have mentioned multiple times (since 2018) with Bitcoin price, the big Schiff Pitchfork since 2015 still acts as the main support for Bitcoin even in 2022.

The red circles I drew on the graph should explain everything - basically, apart from the Covid-19 liquidation crisis, the bottom of the Schiff Pitchfork has been acting as a strong support level for Bitcoin.

With the recent drop to this level, I'm on the Long side.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.