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1/ $BTC scenario planning:
Touching the 200DMA yesterday was strong bull market support.
Decent chance we bounce from here...but if we don't it's worth looking at what is probable if we brake down again.
Touching the 200DMA yesterday was strong bull market support.
Decent chance we bounce from here...but if we don't it's worth looking at what is probable if we brake down again.
2/ This red candle lines up with the 0.618 which I believe would act as very strong support, given we are in a bull market.
Shoutout for @filbfilb for pointing out the 0.618 to me when we were talking earlier.
Shoutout for @filbfilb for pointing out the 0.618 to me when we were talking earlier.
@filbfilb 3/ *IF* we got down to that level, it would also align with a retest of the two year moving average, which I have tweeted about previously. This is an old chart that shows it retesting in previous cycles.
@filbfilb 4/ We are not too far away from it now.
Let's hope we go up from here, but it's always good to have a plan if we do dip in short term...
Let's hope we go up from here, but it's always good to have a plan if we do dip in short term...
@filbfilb 5/ ...because clearly we are in a bull market. Multiple charts including the Puell Multiple show approximately where we are in the cycle (A,B,C on the chart).
Feels like this is the final test before we go full bull, so hold tight everyone! 👊
Feels like this is the final test before we go full bull, so hold tight everyone! 👊
