Hello Tradingviewers!
I'm going to share my thoughts on Bitcoin. I see a lot of people posting bearish charts etc. But i think they are to late. Let me show you why:
First of all i want to mention that we are in some form of expansion compared to previous bullmarket. So that's a sign for me that the market is still growing. But it's also a thing to keep in mind. History repeats, it rhymes etc. BUT It works untill it doesn't.
Ok, back to the technicals. Here is the weekly chart:
What do we see here? Yes, a strong uptrend. And price came back to the demand zone. Time to accumulate some orders before we print a new ATH. There's a lot of created liquidity taken now. And price is still moving above the protected low.
On the daily timeframe it's easier to see which liquidity is taken:
- $41.634
- $40.775 (equal low's)
So here's why i'm not looking for shorts. I'm actually adding some btc into my spot wallet. And looking for long entry's!
Keep things simple. Don't over analyse & stick to your plan!
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
I'm going to share my thoughts on Bitcoin. I see a lot of people posting bearish charts etc. But i think they are to late. Let me show you why:
First of all i want to mention that we are in some form of expansion compared to previous bullmarket. So that's a sign for me that the market is still growing. But it's also a thing to keep in mind. History repeats, it rhymes etc. BUT It works untill it doesn't.
Ok, back to the technicals. Here is the weekly chart:
What do we see here? Yes, a strong uptrend. And price came back to the demand zone. Time to accumulate some orders before we print a new ATH. There's a lot of created liquidity taken now. And price is still moving above the protected low.
On the daily timeframe it's easier to see which liquidity is taken:
- $41.634
- $40.775 (equal low's)
So here's why i'm not looking for shorts. I'm actually adding some btc into my spot wallet. And looking for long entry's!
Keep things simple. Don't over analyse & stick to your plan!
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
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filled!