On a Macro view there are a few key reasons to be bullish on #BTC
- Supply decreasing from Exchanges
- Large institutions accumulating
- Digital Asset prominence
- Continued adoption as a form of legal tender
Short term? Full moon leading to new moon has always been UP!
I think $40.9 might be the logical TP instead of waiting for my original target. The closer we get to the FOMC meeting the more likely I take profit wherever I'm at.
I had $41.2 as my original TP based on yesterday's run up, and previous range
This one well in profit now, I waited a bit before entering and got the entry I wanted, which was right at the 50MA.
I will monitor for TP1 as we head closer to the FOMC news, then I prefer to be flat until the market tells what's next.
@Stoop14 @Murfski_ look at how the price interacts with the boxed areas, what did it do before it got into that range, and more importantly what it did after. The range is showing the price action between Support and Resistance
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so right about this chart I've been watchin for "hold me mommy" spot orders during downtrends
This whole area waws structureless. A piece of advice, if it wasn't important recently, it isn't likely to be important in the future.
e.g. 41.8-42 level
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