Update on Bitcoin Long and Key Levels
If you followed my last 2 videos, I mentioned that that green zone under $7400 would be a good long, that most people were too bearish and putting too much emphasis on being below the 200 DSMA. Also, explained why time/cycle analysis showed this to be a good time to buy. Also, when bitcoin turns, it becomes a fast moving train that has a tendency to leave everyone at the station and thats exactly what happened.
Still, its only 2 days and while its a good start for igniting a new bullish trend, we need to see bulls come in and stabilize the market. We want to see some good daily closes over key levels. Then start to become dip buyers and build the position.
Still, its only 2 days and while its a good start for igniting a new bullish trend, we need to see bulls come in and stabilize the market. We want to see some good daily closes over key levels. Then start to become dip buyers and build the position.
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