BTC on the Daily 🦬
*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only*
==========================================================
Using naked price action Analysis.
🔸 finally see some structure with higher lows and lower highs (triangle formation)
🔸 established levels on the daily and 1hr chart (plus 15, 5 and 1 min chart for scalping)
🔸 added 21 EMA, the ADX / DI indicators just to compare methods
🔸 On-chain data indicates retail newbies FOMO'd into BTC after Tesla announcement (X factor) in Feb, then sold at a loss out of Fear in May.
I'm still BULLISH AF. We are still on track and in an uptrend. If in doubt, scale-out.
In this case, remove the X factor which massively influenced the market (whale manipulation between Feb - May, ie TESLA / MUSK FUD) and we are back on track in the 35K zone where we originally left off in Feb 😉
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
==========================================================
Using naked price action Analysis.
🔸 finally see some structure with higher lows and lower highs (triangle formation)
🔸 established levels on the daily and 1hr chart (plus 15, 5 and 1 min chart for scalping)
🔸 added 21 EMA, the ADX / DI indicators just to compare methods
🔸 On-chain data indicates retail newbies FOMO'd into BTC after Tesla announcement (X factor) in Feb, then sold at a loss out of Fear in May.
I'm still BULLISH AF. We are still on track and in an uptrend. If in doubt, scale-out.
In this case, remove the X factor which massively influenced the market (whale manipulation between Feb - May, ie TESLA / MUSK FUD) and we are back on track in the 35K zone where we originally left off in Feb 😉
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.