While my friends in my private messageknow I show ALL sides, I’m sharing a bullish side here regarding $BTC.
But regarding the chart below, certain criteria MUST be met:
• A break > 4.236 Fib/Price arc (🔑)
• A break > $79K (resistance over $73K)
• $DXY breaks < 104 (🔑)
• Monthly Stoch/RSI close holds 80
• Stocks don’t enter a 4th wave correction
• Bottom rail breaks, pattern’s invalidated
Personally, I’m not a fan of the high time frame oscillators & you know this. But whatever.
For what it’s worth, this isn’t a textbook ascending triangle, but I am showing it to let you know that I’m never bearish or bullish to a hurt.
I play the charts and markets for what they are, not what I want them to be.
Like many here, I absolutely love the Bitcoin narrative and what it stands for.
However, I’ve been through enough cycles to know that narratives don’t make you money, rather hitting the buy and sell button do.
Realize gains.
Eliminate losses.
Rinse and repeat 🔁.
Slice/7th key fam, lesson tomorrow after market close.
Until tomorrow! ✌️
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #FIT21
