I’m not optimistic for the cable…I do not think the cable can hold its position for much longer. I’m expecting a lot of choppiness whilst the cost of living crunch is in focus and inflation is such a focal point.
With an expected “EU Law Bonfire” and the Northern Ireland debacle, I don’t see any positivity anytime soon.
I appreciate you reading and please, help me increase my reputation so I can talk with you all. This is an incredibly messy chart that has some merit, but a clean chart is always preferable. The candles always speak louder than any indicator.
Friendly
Just some friendly adviceThere's a lot of talk about how big companies are getting in so it must be time to moon big. That's not how these things work and I would like to remind you guys that big companies can afford to to take big swings down - don't get too bull happy, markets cycle, especially healthy ones!
This year has been amazing for bitcoin and trading - BUT! If you're trading - keep yourself level headed and stick to your strategy. Aim for long term success not for lucky runs up.
I place importance on the 31750 area, might see the top around there, if not that's okay. Move your positions into profit if you haven't already and enjoy your hodling accounts!
Stay centred!
ZILBTC Breaking 583 is important!This is an update to my idea "Time Machine Update" link below.
Breaking the previous high of 583 the yellow horizontal line of resistance is important to seeing 622 in the near future.
I am holding a few ZIL for long investment not a trade.
I'll hopefully not make another ZIL chart until April. ;)