TOTAL DAILY
The flash crash of Monday took TOTAL all the way down under the previous cycles high and tapped the 1D 200 EMA before reacting well to move price between the DAILY RESISTANCE & SUPPORT.
For me I still think crypto has space to grow, seasonality tells us the first quarter of a bullrun year is great in terms of returns with a tail off in Q2-3, coupled with the US administration being pro crypto and the looming strategic reserve getting closer, ETFs relentlessly buying Bitcoin, same with MicroStrategy.
The two entry options for me are when the wick gets filled and a reclaims the '21 ATH once again, that would sweep the demand zone and take out a lot of stop losses before targeting the DAILY RESISTANCE and the HIGHS.
Another entry would have to be a reclaim of the DAILY RESISTANCE, I would be worried that the wick still needs filling but maybe it would be during the bear market. For that reason a close SL would be useful.
For me I still think crypto has space to grow, seasonality tells us the first quarter of a bullrun year is great in terms of returns with a tail off in Q2-3, coupled with the US administration being pro crypto and the looming strategic reserve getting closer, ETFs relentlessly buying Bitcoin, same with MicroStrategy.
The two entry options for me are when the wick gets filled and a reclaims the '21 ATH once again, that would sweep the demand zone and take out a lot of stop losses before targeting the DAILY RESISTANCE and the HIGHS.
Another entry would have to be a reclaim of the DAILY RESISTANCE, I would be worried that the wick still needs filling but maybe it would be during the bear market. For that reason a close SL would be useful.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.