I would say LONG because of news of halving and etc... but the chart looks tense.
the chart is ready and you can read from several perspective from here. either it can pup or be dumped . Its depends of a big whale will dump it or a big printed money will buy it. Either direction will be massive as the market are waiting the chart go to a direction to fast react. Better you not sleep next days.
Im waiting a pull back and these are the supports I'm looking for.
Waiting to see what is going to happen, recovery great from 0.5 fib. Sellling now but watching very close.
Whales know the best ways to slowly accumulate, buy when the BEAR feeling in the market is strong, buy all the dips slowly in small orders of 20 to 50 BTCs. They leave the market falling to maintain the impression of fear in the market and to be able to accumulate without the price going up. Don't be silly, accumulate now! look at my latest chart below and you...
I am waiting for FOMO to start when BTC reaches the 8200 mark, which could reach 8000 or even 79XX. RSI will have hit bottom and could be the anchor for the next Bull season. Don't miss this dip, 8000 will be a must buy. follow this idea for the next 2 weeks.
I want to see a 4 to 5 years of pull back before trade.
BTC reaches the 0.5 fib and gonna be tested again
from 2008 to 2020 the growth was formidable. But the market is made up of small and large harvests. Harvest your profit before fruit spoils on the branch. The market just needs a justification to do so, and we live a sufficient one, the worst of the fatal virus is yet to come. The market does not exist without falls for debts to be paid off. SELL IT.
BTC cant go bellow 8000 because of the RSI would be reseted totally (always very FOMO signal), but Im entering here (8700) with caution. I advice you to entry here and cast a stop loss order.
the bulls still but after a good ALT season the greed for profit always play, correction to 88XX é possible and I drew this chart if BTC keeps the momentum. Its a continuation of previous analyses, see below
PAYING ATTENTION TO THE NEXT TWO TARGETS OF THE FIB
3 time test a resistance channel and not be able to break it up is a signal to a weak chart. This hourly trend bull whales must surpass the resistance or accept that the bears whales win the battle and correction is the answer when even the bull whales accept defect and move to bear trend, selling theirs position. Near hours are the key.... time is clocking