Ideally the swing low at 43K needs to hold and anything beneath is a shortlived deviation which forms part of weekly wick
The amount of FUD on the market right now is insane
We have been 'ranging' for 84 days
These do form bear trends within the range, LH's, LL's etc.
I stepped into a long on 4H bull divs, 4H bull engluf, and added on a trend change on 1H at an OB but sadly it was no doing - 49.6ish avg
Waiting for another to step in at the lows, maybe in the 1D demand structure
Fill of the apparent gap on the chart would also be good to for efficient pricing
If you look at the previous top it blew into 20K, 150% in 13D on the way in
From the top till the bearish retest of the lowest close was about 35D
What we have seen does look a like a complacency bounce but it's not confirmed yet
Elon Musk has been fudding hard and has implied Tesla have sold their BTC holdings - which is pretty big scare tbf
The amount of FUD on the market right now is insane
We have been 'ranging' for 84 days
These do form bear trends within the range, LH's, LL's etc.
I stepped into a long on 4H bull divs, 4H bull engluf, and added on a trend change on 1H at an OB but sadly it was no doing - 49.6ish avg
Waiting for another to step in at the lows, maybe in the 1D demand structure
Fill of the apparent gap on the chart would also be good to for efficient pricing
If you look at the previous top it blew into 20K, 150% in 13D on the way in
From the top till the bearish retest of the lowest close was about 35D
What we have seen does look a like a complacency bounce but it's not confirmed yet
Elon Musk has been fudding hard and has implied Tesla have sold their BTC holdings - which is pretty big scare tbf