Bitcoin

Easy Bitcoin, easier than you think.

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Don't get excited! It's not just yet.

But the fact it's become institutionalised, means it's so much easier to follow it's bias.

Back at the end of 2021; this chart was popular amongst Crypto fans.
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The only issue is, it had ZERO logic backing it up. When a trend is established, it needs to re-generate to grow again. A second wind as such. Look how ridiculous this looks on a regular chart not log scale.

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You see, at the end of a major rally - you would expect the price to be above moving averages. This is logical, price moves up and up and up. Guess where the moving average follows? It's an average that moves , hint in it's title. ;-)

Instead of giving a bias with extension levels - tapping liquidity for it's breather.
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Here's a link to the post.
Bitcoin Scenario Bullish


This is the outcome.
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Inside these moves, is clearly defined logic.
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They become obvious later on, but prior to the event. Just as easy to spot to be honest. You just need a little time to learn the process.

The next obvious move has just tipped it's hat. Patience is key.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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