I've been watching BTC for 2 years now and have finally started tipping my toes in for the trade.
I think charts are great for the short term, IMO BTC is being driven by liquidity squeeze by the broader global equity.
I think we have a pretty good chance of a bounce to $25k-$31k, as they are the resistance levels over the past few months.
And I do believe a retest of the recent low of $17,558 will occur, in the next 1-3months. My plan is to start accumulating a HODL posistion as we retest this, then continue averaging down as BTC follows the direction of the broader global index's.
Fun times await! Long term, easy $69k ATH breached in 1-2 years.
Looking at BTCUSD as a trader, does anyone else notice how incredibly accurate technicals are for this? As i've been constantly monitoring it, I have found high correlation to my momentum indicators and my EMA's. Very impressive. As well as a 24/7 market, I love the liquidity. Really have started to enjoy the trade on this security .
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