$BTC Sunday update:
Price tends to fill the 100% of the wick after revisiting the 50% level once it's been filled.
And it looks like this could be the current situation.
It's going to be a volatile week, especially Monday and, perhaps, the weekend... here's why:
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$BTC Sunday update:
Last week we were calling for the wick-fill of this last weekly candle... and it happened!
It got virtually filled 50% (48.5%).
Does that mean that a bounce is coming? or that 100% wick-fill is next? Let's analyse it:
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$BTC Sunday update:
According to the wick fill strategy, this new 1W long wick will likely get filled.
Perhaps we could see a bit of upside continuation with this short-term bounce - if so, I'll use it to open shorts towards the wick.
And we'll likely form a range.
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$BTC update:
It goes without saying that this entry setup is invalidated.
Why?
Because it no longer matters if the 1W candle closes back above $74.6k on Sunday, as we would have already created a long downside wick that would get filled later.
No entry given. Onto the next one!
You have zero control over where you're born, yet billions of people in the world are shut out of accessing financial tools because of it.
Finally, this is changing with crypto. Getting access to sound money, loans, stocks, etc from your phone anywhere in the world is foundational to progress.
The bear market will make #BTC maxis out of many of you.
Sure you can make money on alts in a bull market, but in bear markets they get rekt against USD and against #BTC
And the cold hard truth is that many alts (not all) will never see a new all time high again.
Thinking back on crypto projects I invested in and knew nothing about, I realize that I take for granted my knowledge of and subsequent conviction in VeVe and Ecomi. If I didn’t understand this investment, I could see why people may think it wasn’t good.
Research = Clarity ⭕️💪
#crypto dictionary
Top = when everyone is ultra bullish, and no one expects a downtrend at all.
Bottom = when everyone is ultra bearish, and no one expects the uptrend at all.
#Bitcoin
Usually after strong #Bitcoin rallies like the one we just saw today, we tend to get follow through.
As I said earlier, the sheer disbelief during this rally has me optimistic in the short-term.
Still no guarantees of new highs immediately, but at least maybe a local uptrend.