Next h4,h12 and daily candle closes will be important. If we get daily closes below $69k, h4 trend will turn bearish. Watching next h4 candle to turn flat on margin account. Price needs to make daily closes above $69.5k then we can long everything to new ath but now it…
On vacation, #Bitcoin remains unchanged. I do believe holding the previous ATH is important here going into Friday. 56k still is a fat magnet, I'm getting more and more jaded waiting for the breakout towards 100k, hopefully many feel the same... if not, run it back turbo to 56.
Here is how I'm managing my risk/position right now:
- We have a clear range between 61k-73k. This is either major distribution at ATH before a major pullback, or consolidation before a breakout confidently past ATH
- I was irresponsibly long crypto from 20k BTC with nearly…
I'm a sucker for PoW in the current environment and I can not lie We went from good old honest proof of work to 5 Layers of whatever the fuck Time to go back