I by no means know where any bottom is. What I do see is we are still on a downside move and I would watch the .60's as low as .40's for a bounce up following bitcoin bounce back to 50-52k. From there a continuation of the downtrend on weekly. Best entries would be back at .33 or lower imho. Investors can hold and not worry. Day traders this chart is pretty much for you. Keep your eyes out for a bullish structure on the 4HR. Drip still in progress. BUT this overall trend is an accumulation trend for us to break back above 1.00 - That can happen anytime. I'll get excited once we break this channel upward. I expect to always expect the unexpected (hello march 2020 covid crash that took us to .11).
My hopes are for lower prices during this time of accumulation and consolidation across the board. Just because I PERSONALLY have gone through some life things that had set me back. I was doing oh so good too. Anyways thats besides the point. Cheers to all my traders regardless and all inputs are welcome. Always nice to have other perspectives and opinions. Just be nice ok?
My hopes are for lower prices during this time of accumulation and consolidation across the board. Just because I PERSONALLY have gone through some life things that had set me back. I was doing oh so good too. Anyways thats besides the point. Cheers to all my traders regardless and all inputs are welcome. Always nice to have other perspectives and opinions. Just be nice ok?
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So far my analysis is working as planned. Let's see how deep the last wave goes...
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Kinda think 1.618 is possible. Keeping options open but I still feel like these levels are good DCA points. Savings some cash for .23-.25c zone just in case.
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Short term move to .48c-.51c is possible from here before the last dip. Very important area we are in. Bullish flag tells me bulls might take it for a bit. Economic conditions tell me we are still in for a bigger dip as far down as .25c stay aware.
