BTC - No reason to be bearish yet
Oh there are so many people bearish and scared of BTC right now. So far we're navigating exactly how I expected. I outlined this several times in the last few weeks on various mediums, but the short term demand zone I outlined was tapped perfectly.
I do expect there to be some resistance coming on this move up to the trendline (where the green hammer is) but notice how the wave master on the hourly called out a great buy signal right around the time we were looking at the demand zone being tested and after a nice breakdown.
I expect we'll see continuation up for the next couple days then we'll figure out what happens closer to Friday.
I do expect there to be some resistance coming on this move up to the trendline (where the green hammer is) but notice how the wave master on the hourly called out a great buy signal right around the time we were looking at the demand zone being tested and after a nice breakdown.
I expect we'll see continuation up for the next couple days then we'll figure out what happens closer to Friday.
Trade active
Friday is tomorrow and I am still long from the mid 21000s. Happy to continue to hold for a while longer. 
CE - BitDoctor
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CE - BitDoctor
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
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.