Although the price of #BTC remains at $83K, we’ve seen some really large liquidations with this latest move down. We should build good support around this current area before moving on to attack higher levels.
On the WEEKLY chart, we can see that we’re still looking very good, and nothing has changed for the BULLS. Of course, the excessive leverage has practically been wiped off the chart, and that’s a good thing.
This is where the BEARS will make the same mistake again. They’ll keep asking for lower, lower, and lower prices... until they provide enough liquidity to the upside. Then, we’ll see prices shoot way up.
We should have another week with some volatility. That’s why it’s important for leveraged traders to account for a 10% swing so they don’t get caught in a margin call.
Most of the good altcoins made perfect retests on their weekly charts. The BULLS managed to hold several good retests that will help these coins rise faster over the coming weeks.
While many prefer to panic, smart investors keep accumulating at these prices.
Another move up should happen next week, although there’s still a risk that Trump will do something stupid.
Enjoy the weekend and recharge your batteries.
On the WEEKLY chart, we can see that we’re still looking very good, and nothing has changed for the BULLS. Of course, the excessive leverage has practically been wiped off the chart, and that’s a good thing.
This is where the BEARS will make the same mistake again. They’ll keep asking for lower, lower, and lower prices... until they provide enough liquidity to the upside. Then, we’ll see prices shoot way up.
We should have another week with some volatility. That’s why it’s important for leveraged traders to account for a 10% swing so they don’t get caught in a margin call.
Most of the good altcoins made perfect retests on their weekly charts. The BULLS managed to hold several good retests that will help these coins rise faster over the coming weeks.
While many prefer to panic, smart investors keep accumulating at these prices.
Another move up should happen next week, although there’s still a risk that Trump will do something stupid.
Enjoy the weekend and recharge your batteries.