#BTC 💸
BTC is really strong. Just compare it to stocks. While the S&P 500 shows similar movements, Bitcoin is more bullish.
The S&P 500 bounced off the intraday 200 EMA, experienced a mild rally, followed by a second rally on Wednesday, and has now formed a flat high. I told you on stream that Gap will be closed 🤝
Now, Wednesday's BTC pullback not only turned out to be smaller on the Fibonacci scale, but also broke all key levels and made a higher high.
The circle is key here. This is an area where I expected rejection yesterday. BTC held this level and went from there – bullish!
The level that should be overcome now: $62.3 thousand.
At some point there will be a stronger pullback. But seeing that BTC is much stronger than stocks, I am optimistic about the coming months and the 5th wave that we are waiting for to liquidate all the Short positions that have accumulated since the month of March!
Have a nice day! ☀️
$BTC
$ETH
BTC is really strong. Just compare it to stocks. While the S&P 500 shows similar movements, Bitcoin is more bullish.
The S&P 500 bounced off the intraday 200 EMA, experienced a mild rally, followed by a second rally on Wednesday, and has now formed a flat high. I told you on stream that Gap will be closed 🤝
Now, Wednesday's BTC pullback not only turned out to be smaller on the Fibonacci scale, but also broke all key levels and made a higher high.
The circle is key here. This is an area where I expected rejection yesterday. BTC held this level and went from there – bullish!
The level that should be overcome now: $62.3 thousand.
At some point there will be a stronger pullback. But seeing that BTC is much stronger than stocks, I am optimistic about the coming months and the 5th wave that we are waiting for to liquidate all the Short positions that have accumulated since the month of March!
Have a nice day! ☀️
$BTC
$ETH
