I just wanted to put together a very simple idea. I know how easy it can be to get very significant on every little thing and complicate things with many indicators. I decided to remove all that and use SR to paint a simple picture.
We are holding on top of the order block of 2020 circled on the left. The Fib Channel has been broken circled on the right. Both of these indicate to me bullish signals.
It can be argued how the Macro environment is still garbage, these are valid points and have been said many times over the past year. Bitcoin seems to have found a support level that is continued to be bought regardless of news... which if holds can lead to a decoupling of BTC from equities. And dare I say it become a safe haven for many investors. One thing I think we all know is BTC is still in the early years. this past bull run was incredible.. but wait till all this becomes actually used in real world day to day activities... I think you will find our next bull run will be like nothing we have seen before.
I am going to leave it here as I said before this is a very simple idea. It is also my first published idea so I welcome all feedback.
Thanks for reading,
Bill
We are holding on top of the order block of 2020 circled on the left. The Fib Channel has been broken circled on the right. Both of these indicate to me bullish signals.
It can be argued how the Macro environment is still garbage, these are valid points and have been said many times over the past year. Bitcoin seems to have found a support level that is continued to be bought regardless of news... which if holds can lead to a decoupling of BTC from equities. And dare I say it become a safe haven for many investors. One thing I think we all know is BTC is still in the early years. this past bull run was incredible.. but wait till all this becomes actually used in real world day to day activities... I think you will find our next bull run will be like nothing we have seen before.
I am going to leave it here as I said before this is a very simple idea. It is also my first published idea so I welcome all feedback.
Thanks for reading,
Bill