BTC Analysis on the Daily

Analysis of BTC on the Daily Chart.
- BTC has been trading between $7-8k for a good bit now. This is a sign of accumulation.
- Volume has been decreasing (part of accumulating) so I expect some major moves in about a month or so.
- The 10 EMA is catching up to those green candles which is a good sign. Once the 30 catches up and supports it that usually means BTC (or any token for that matter), is on the move up.
- We've also managed to set in "Higher Low's" and "Lower High's" indicating that we are tightening up. (They are circled)
- As far as trading goes, I'm in my alts and will continue to stay in my positions making small trades when I can.
- I've stated before that 6.8k is the lowest support level we have here with my personal exit level being around $7250.
- News lately has been relatively positive. Today the SEC declared that Bitcoin wasn't a security. Coinbase is also trying to offer crypto security tokens in the future. Basically, all of the foundation that needs to be in place for this to go mainstream is in the works with regulation being the biggest hurdle.

Overall, I know this'll all work itself out by the end of the year. For now, I'm just getting into the tokens I believe in and am sticking to those.

I still 100% believe BTC will hit 50k within a year.

#whenmoon #moonsoon