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BITCOIN- BULL OR BEAR? BULL BABY

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One of the most difficult charts recently... it´s been actually though to read the market.

I have both, bullish and bearish cases, but.... because F*CK THE FED, I´m sharing one of the bullish ones which is interesting.

Highlights:
* SENTIMENT: mostly bearish. everyone is PTSD, news are not great (Government fight against Crypto), Guggenheim saying it´ll crash... if you think this guys play clean you´re crazy.
*Ascending channel
* Volume increasing in lows (buys?)
* Lows in a timely manner
* 50k could have LOTS of stop losses laying there. A big stop hunt + short trap could happen there if there is not enough buying pressure


Let´s see... main thing is to remember to play defense.

COULD CRASH INDEED if if fails to hold 50k and panic hits strong and demand is on vacations.

As Peter Brandt says: "Strong opinions... weakly held".

Play safe.


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