*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only*
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Using naked price action Analysis.
🔸 finally see some structure with higher lows and lower highs (triangle formation)
🔸 established levels on the daily and 1hr chart (plus 15, 5 and 1 min chart for scalping)
🔸 added 21 EMA, the ADX / DI indicators just to compare methods
🔸 On-chain data indicates retail newbies FOMO'd into BTC after Tesla announcement (X factor) in Feb, then sold at a loss out of Fear in May.
I'm still BULLISH AF. We are still on track and in an uptrend. If in doubt, scale-out.
In this case, remove the X factor which massively influenced the market (whale manipulation between Feb - May, ie TESLA / MUSK FUD) and we are back on track in the $35K zone where we originally left off in Feb 😉
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
==========================================================
Using naked price action Analysis.
🔸 finally see some structure with higher lows and lower highs (triangle formation)
🔸 established levels on the daily and 1hr chart (plus 15, 5 and 1 min chart for scalping)
🔸 added 21 EMA, the ADX / DI indicators just to compare methods
🔸 On-chain data indicates retail newbies FOMO'd into BTC after Tesla announcement (X factor) in Feb, then sold at a loss out of Fear in May.
I'm still BULLISH AF. We are still on track and in an uptrend. If in doubt, scale-out.
In this case, remove the X factor which massively influenced the market (whale manipulation between Feb - May, ie TESLA / MUSK FUD) and we are back on track in the $35K zone where we originally left off in Feb 😉
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖