Hi, folks!
It´s been a very long time since my last post, as there have been very little few concrete signs of any direction.
Now, however, my hypothesis is that we´ll see large bouts of volatility in the time to come - where my bias leans towards a long position:
- Bollinger bands are the tightest we have seen since the beginning of the covid rally in 2020
- We seem to have solid support around the 18-19k level
- The long-term trend line since the beginning of the crash crosses the support line around this time
- We have had three consecutive volume-based buy signals that did not trigger a bounce
- Prices are now @ the lower bolliger band in the very tight channel
- We see a massive bullish divergence in 1D for both MACD and RSI
I am placing a long position, but remember that none can predict the future.
NFA.
DYOR.
Never take advice from someone without skin in the game - and never take the advice of others as given.
I wish you all well!
It´s been a very long time since my last post, as there have been very little few concrete signs of any direction.
Now, however, my hypothesis is that we´ll see large bouts of volatility in the time to come - where my bias leans towards a long position:
- Bollinger bands are the tightest we have seen since the beginning of the covid rally in 2020
- We seem to have solid support around the 18-19k level
- The long-term trend line since the beginning of the crash crosses the support line around this time
- We have had three consecutive volume-based buy signals that did not trigger a bounce
- Prices are now @ the lower bolliger band in the very tight channel
- We see a massive bullish divergence in 1D for both MACD and RSI
I am placing a long position, but remember that none can predict the future.
NFA.
DYOR.
Never take advice from someone without skin in the game - and never take the advice of others as given.
I wish you all well!