target 1 : 8200 target 2 : 8400 target 3 8600. daily breaker 73-72 support
this is one of the most important steps with all the panic around and possible recession what we got is : the hashribbons -- refering mining energi cost value sitting at 12600 Mining cash flow sitting at 6100 log growth curve botton around mid 7000
liquidity above mondays highs -- spike wick into red box as hedge -- cover cash spot min tp 8200-- optimal tp 8400 liquidity taken below price bounced into HFT monthly looking for decision in the redbox and back in cash when it comes there
I've been thinking about the virus, contagion and the global economy for many days, it's hard for me to see a strong bitcoin in the short term if we enter into a fast and fierce recession, in the short term and medium term, money is what will have more demand in that period, this will be the great test that we have been waiting for, if markets enter a black claw...
1monthly time frame true range buy support catch bottons . 200ma max acumulation before next bull market 2 major sell side liquidity pools Average forecast 500-700days hope its not what is coming /
expect 80s if this marks the botton try again alt season end june