BTC and the current trading range

2024년 4월 13일

I am a #BTC bull, so any contrarians should reverse everything I say from now on.

#Bitcoin halving is days away. The trend following a halving is at least 6-months to the upside. We're already 2 months into a #BTCUSD bull-cycle. So I am bullish in this current trading range, meaning looking for "Buy-the-Dips".

The trading range is from the ATH @ $75185 in the futures down to $61790, so buying under 68470 is my idea of being a "BTD" investor. I thought Wednesday this week was my last chance but the market gods gave everyone at least a second bite at the apple. On review, we could also see $64370 get tested so I am holding out for that level now.

I like the weekly volume analysis as the Points of Control give some decent context to where to look for the trades. If you test the range from the beginning of March $SWB:69K is the level everyone is looking to act as a pivot.

Below $62k I crawl back under my rock and think of something else to analyse.

2024년 5월 20일

노트

I posted this to my subscribers a while ago, seems to be working out so maybe a useful thing for the future too

2024년 10월 29일

노트

$50k was a very strong magnet and then where so many got in. New ATH's coming