Burt Wonderstonks

I dont know shit
im not a financial advisor
This account is solely to post my sub par ideas (opinions only)

[Burt Wonderstonks @Stockslapper]

#BTC | $BTC
- looking at the two white zones at the bottom:
- If this weekly candle closes under this current level (~ 19.5k to 17.5k) then we probably drop to the next major level of liquidity (supply) which is ~ 10k to 12k
- just relax, watch price action, and mark out zones

[Burt Wonderstonks @Stockslapper]

$BTC UPDATE
- got a couple taps on the zones

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC
- some zones to look at
- using moving averages & s/r zones together as confluences is valid imo
- "For identifying significant, long-term support and resistance levels & overall trends, the 50, 100 and 200-day moving averages are the most common" (⬇️⬇️ for citation)

[Burt Wonderstonks @Stockslapper]

Maverick, J.B. “Most Commonly-Used Periods in Creating Moving Average (MA) Lines.” Investopedia, Investopedia, 22 June 2022, https://t.co/6vG1ej8dOJ.

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC
- price had a selloff down to supply and the trend line support
- waiting for good bearish volume for a relief bounce

[Burt Wonderstonks @Stockslapper]

@HawkHoldings Yessir

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC
- descending channel with support and resistance being 2 deviations from the center
- price testing the upper level
- bullish volume is relatively strong compared to bear. going to need this current candle to close strong and red to stay within this channel

[Burt Wonderstonks @Stockslapper]

@HawkHoldings My guy 🙏

[Burt Wonderstonks @Stockslapper]

Just sideways movement so far today
Patience is key atm

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC
- drew a pennant pattern off this pullback
- the blue trend line is longer term made with the two recent higher lows

[Burt Wonderstonks @Stockslapper]

$BTC Update

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC

[TRADERVERSE.io @TRADERVERSEio]

@Stockslapper @tha_builder @JohnW_Forster @TTTexas313 @sarimalavi @FibonacciGump @STAScrooge

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC
- zones im looking at

[Burt Wonderstonks @Stockslapper]

Just sideways movement, sitting on hands for now

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC

[Burt Wonderstonks @Stockslapper]

$BTC

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC
- price broke and closed above the high on Jul 18-19
- price looks to be flagging after this breakout with decreasing bearish volume
- waiting at least for this daily candle to close
- be patient with this as these candles are getting stuffed at the top

[Burt Wonderstonks @Stockslapper]

$BTC | #BTC
- looking for a breakdown of the bottom trend line or breakout of the top zone