Top down from Monthly/Weekly
We have been very Bullish the past 6 months although we did create nice HH/HL's on the Weekly showing signs of strength but on the Daily the legs are getting shorter and it looks like we running low on bulls. If this creates a Double Top we may be heading back down to one of those green areas of support.
We have 2 major areas of Support that are the possibly great buy opportunities however normally I would say "buy every dip" but we want to be careful and not "catch a falling knife" because we have reached crazy highs and Bitcoin is well known for Whales to create big splashes in the crypto market and bring some crazy Volatility.
Everyone has gotten Stimmies/Taxes and bought into Bitcoin because of all the news and advertisement its getting. Usually once it hits mainstream its too late to invest and you have to wait for the dip or experience a lot of pain. We all know our brains can only handle so much pain before it goes into relieve gear and then you will have taken a loss because you couldn't bare it any more. So just pay attention drown out the hype!
I could be completely wrong and we may go up to 100k before we correct but I promise one thing a correction is coming so be prepared! The market only moves 3 ways Up, Down, and Sideways.
This is not financial advice and you should always do your own DD and make the right investment for you that suits your financial needs!
Sincerely,
2017 HODLer who bought in at 20k. Greedy little piggy I was! Don't be me.
We have been very Bullish the past 6 months although we did create nice HH/HL's on the Weekly showing signs of strength but on the Daily the legs are getting shorter and it looks like we running low on bulls. If this creates a Double Top we may be heading back down to one of those green areas of support.
We have 2 major areas of Support that are the possibly great buy opportunities however normally I would say "buy every dip" but we want to be careful and not "catch a falling knife" because we have reached crazy highs and Bitcoin is well known for Whales to create big splashes in the crypto market and bring some crazy Volatility.
Everyone has gotten Stimmies/Taxes and bought into Bitcoin because of all the news and advertisement its getting. Usually once it hits mainstream its too late to invest and you have to wait for the dip or experience a lot of pain. We all know our brains can only handle so much pain before it goes into relieve gear and then you will have taken a loss because you couldn't bare it any more. So just pay attention drown out the hype!
I could be completely wrong and we may go up to 100k before we correct but I promise one thing a correction is coming so be prepared! The market only moves 3 ways Up, Down, and Sideways.
This is not financial advice and you should always do your own DD and make the right investment for you that suits your financial needs!
Sincerely,
2017 HODLer who bought in at 20k. Greedy little piggy I was! Don't be me.
