Throughout 2024, I've talked about the potential that #Bitcoin could retest the 200-day moving average cloud & still retain bullish price structure.
We just had that retest.
This dynamic range aligns w/ structural support, but it's not promised to hold.
You'll notice that this dynamic range acted as support perfectly in March 2023 & June 2023, but was followed by a breakdown and resistance in August & September before finally breaking back above it again in October.
Investors and traders who positioned themselves based on this indicator have allowed themselves to: • Secure opportunistic buys at dynamic support. • Cut losses in breakdowns. • Re-enter in breakouts.
In other words, align with the trend and remain dynamic & flexible.
I think that's powerful.
If you don't, that's fine. I can only tell you what I think is important and how I'm going to use it to make decisions for myself and my own portfolio.
I bought here, just as I said I would if/when the 200-day MA retest occurred.
$GRT Symmetrical Triangle Formation on H4. The market Looks good. You can Buy now or After the triangle Breakout. 📈🤝 #GRT #GETUSDT #grtusdt #tokens #Alts #cryptocurrency #TradingTips #CryptoInvestor #buy #longed #Pump #Solana #Etherium #etf #ETFs #Bitcoin $GRT
Has anyone noticed $xrp $xlm charts ⁉️⁉️ They look very similar…. 🚨BREAKING: The Federal Reserve identifies $XRP and $XLM as the ONLY digital assets it may use to facilitate payments within the FedNow Payment System.
My Targets : 5-10$ in long term hold P.S. Remember, this is just information, not financial advice! Always do your own research before making any investment decisions. $ZRO