Obviously been a rough few weeks for btc. I got liquidated for the first time in years. No biggie. I did not see the selloff coming.
We got a decent bounce the last few days but unless the fed announces they are adding Bitcoin to their balance sheet, I'm looking to the 2020 halvening vwap for a slurp. This builds upon a parabolic base and implies a longer extended cycle. I'm not shorting this but I'm intent to buy the dip.
52k is our current major resistance.
Daily is obviously lower highs and lower lows, but the weekly has yet to put in a bearish structure.
The trend is down, until it's not.
We got a decent bounce the last few days but unless the fed announces they are adding Bitcoin to their balance sheet, I'm looking to the 2020 halvening vwap for a slurp. This builds upon a parabolic base and implies a longer extended cycle. I'm not shorting this but I'm intent to buy the dip.
52k is our current major resistance.
Daily is obviously lower highs and lower lows, but the weekly has yet to put in a bearish structure.
The trend is down, until it's not.
Note
Bottomed ticked within a few hundo..not a bad call if I do say so meself.
Note
Not bad.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.