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Paypal temporarily pushed crypto purchases
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What happened in these 6-8 months and what is happening now? let's talk about it;During the 230 day period, $BTC made 2x and we saw 3x-4x in many altcoins. (Bear Rally, a good one) $BTC BTC re-introduced people who could not be included in the game by making deep corrections. (25k --> 19k , 31k --> 25k With the news of XRP, they fomoed people again and money flows to altcoins (I think it was early for this, because despite this news, bitcoin could not break the 32k resistance and returned to where it started the same day(When you check the on-chain data, whales and smart money were selling $btc, the buyers were retail investors.)Bitcoin volume has dropped a lot and ridiculous scam altcoins have started pumping ( ygg,api3,blz etc etc When they are sure that everyone is fomo and they are in the market, they dumped market again
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I added the fib. now officially in discount. golden pocket near my 2nd poi at 27.2k. I doubt we go below 26. 32k is in the making. this is not a bad spot swing trade to start dcaing into.
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DAILY: Daily chart we just tagged 50% of the first fvg but we have another one below. I am not sure what fomc will bring us but even from the second fvg or a sweep of monday lows can be good for longs. No positions until after fomc
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starting with $BTC my plan was 27700$ --> 34k$ but market looks strong and btc swept equal lows so plan changed for now if we dont lose 28500-28600$ , 30500-31025$ is target so i wanna try this; BTC LONG entry : 28984.1$ stop : 28660.9$ ( %1.12 ) tp1 : 30k$ ( %3.86 ) tp2 : 30500$ ( %5.24 ) risk : 1R ( %2 of my futures balance )
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Monday low tapped with that quick drop Finding long with confirmation would take time unfortunately due to how pa structure is$
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