Despite all the FUD and Index on Fear and Greed, many are still hopeful that Market Makers are willing to let Bitcoin start Mooning and set the stage for another possible upside fakeout. I have illustrated the two possibilities for this trend moving forward next week. Or Sooner.
The weekend is when big players like to stop loss hunt retail investors….it can be argued that we are in a NO TRADE zone….In my opinion BTC can break up through resistance due to the double bottoms pattern and touching rising support line. Other scenario BTC will reject current resistance and confirm the head and shoulders pattern, leading us to collect the MASSIVE amounts of liquidity in the lower price levels.
Based on the research and knowledge on-chain data suggests best time to buy BTC is anywhere below $38K…..Whales buy there and you bet they are gonna want to buy in cheap one last time….Will we see wyckoff distribution pattern play out as we are in the Shakeout phase? Will the news and war turn positive anytime soon?
Best advice, dollar cost averaging and HODL was the #1 proven strategy backtested by AI trading bots that beat every other strategy. When BTC dips, we have more opportunity.
Godspeed Traders - Remember taking no position is sometimes the most profitable at times.
The weekend is when big players like to stop loss hunt retail investors….it can be argued that we are in a NO TRADE zone….In my opinion BTC can break up through resistance due to the double bottoms pattern and touching rising support line. Other scenario BTC will reject current resistance and confirm the head and shoulders pattern, leading us to collect the MASSIVE amounts of liquidity in the lower price levels.
Based on the research and knowledge on-chain data suggests best time to buy BTC is anywhere below $38K…..Whales buy there and you bet they are gonna want to buy in cheap one last time….Will we see wyckoff distribution pattern play out as we are in the Shakeout phase? Will the news and war turn positive anytime soon?
Best advice, dollar cost averaging and HODL was the #1 proven strategy backtested by AI trading bots that beat every other strategy. When BTC dips, we have more opportunity.
Godspeed Traders - Remember taking no position is sometimes the most profitable at times.