BitcoinLong
Bitcoin has tested a previous resistance as support
Bitcoin has tested a previous resistance line as support here at 97,000 USD.
This has occured at the same time as a short term diagonal support. so things are looking favourable for now. Short term SMAX is sitting nicely at >50, so a good time to add to your SMAX position.
Marco: Mcro remains positive with the post trump confidence, interest rates over their peak with weak data suggesting they will need to continue downward.
Cycle: We are late into the bull cycle with the second half pump on its way, best to maintain position long to ensure we capture it.
Levels: as above, we have confirmed a small previous resistance line as support and with short term smax looing favourable >50%.
Momentum: we are still in a short term bearish momentum, within a overall marco long momentum, I don't expect the short term bearishness to continue much longer.
Currently 5 profitable trades, 0 losses, Follow me on YouTube and X for the history of my trades.
Join me to learn about the SMAX trading approach!
This has occured at the same time as a short term diagonal support. so things are looking favourable for now. Short term SMAX is sitting nicely at >50, so a good time to add to your SMAX position.
Marco: Mcro remains positive with the post trump confidence, interest rates over their peak with weak data suggesting they will need to continue downward.
Cycle: We are late into the bull cycle with the second half pump on its way, best to maintain position long to ensure we capture it.
Levels: as above, we have confirmed a small previous resistance line as support and with short term smax looing favourable >50%.
Momentum: we are still in a short term bearish momentum, within a overall marco long momentum, I don't expect the short term bearishness to continue much longer.
Currently 5 profitable trades, 0 losses, Follow me on YouTube and X for the history of my trades.
Join me to learn about the SMAX trading approach!
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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.
Disclaimer
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.