Bitcoin wont away. Sorry bankers/WS gurus/Whales. I have been part of this obsolete financial system which abuses the consumer. The reason I embrace DeFi and all the new projects that crypto makes possible is the fairness for all.
So this is my take on BTC. A retracement is healthy and organic. On the chart, I marked the levels where the buying is real cheap. The downside is not over yet. Price may try to come back to the key level Line in the Sand - which both sides, bulls and bears, are watching. This key level, will determine BTC price for the next weeks. A break above will bring more buyers to the game. A rejection will confirm the sentiment for Bitcoin is low and the flows are going into other coins such as ETH, MAKER, BNB, etc.
I received many thank you messages encouraging me to continue posting my TAs : specially my DOGE coin. It was posted Sunday morning by the way. See the Dogecoin Analysis and others below.
The important thing about trading is to when to take a side. No matter what side is, to get pay we need to be on the right side of the trade.
Technical Analysis is my compass to make that disciplined decision. Being on the sidelines is as vital as been on a position. In trading, let a trade go is preserving your capital.
Cheers!!!
So this is my take on BTC. A retracement is healthy and organic. On the chart, I marked the levels where the buying is real cheap. The downside is not over yet. Price may try to come back to the key level Line in the Sand - which both sides, bulls and bears, are watching. This key level, will determine BTC price for the next weeks. A break above will bring more buyers to the game. A rejection will confirm the sentiment for Bitcoin is low and the flows are going into other coins such as ETH, MAKER, BNB, etc.
I received many thank you messages encouraging me to continue posting my TAs : specially my DOGE coin. It was posted Sunday morning by the way. See the Dogecoin Analysis and others below.
The important thing about trading is to when to take a side. No matter what side is, to get pay we need to be on the right side of the trade.
Technical Analysis is my compass to make that disciplined decision. Being on the sidelines is as vital as been on a position. In trading, let a trade go is preserving your capital.
Cheers!!!
