BTC - No reason to be bearish yet

14 Feb 2023

Oh there are so many people bearish and scared of BTC right now. So far we're navigating exactly how I expected. I outlined this several times in the last few weeks on various mediums, but the short term demand zone I outlined was tapped perfectly.

I do expect there to be some resistance coming on this move up to the trendline (where the green hammer is) but notice how the wave master on the hourly called out a great buy signal right around the time we were looking at the demand zone being tested and after a nice breakdown.

I expect we'll see continuation up for the next couple days then we'll figure out what happens closer to Friday.

16 Feb 2023

Trade aktif

Friday is tomorrow and I am still long from the mid 21000s. Happy to continue to hold for a while longer.