$BTC- Not Fully There yet
BTC has made the first part of the 1st major kill at 44k ,crossing over the 200 day moving average ( this is very huge for the market)and now heading to 46K.(see also 1 week chart below).If it leap over that,retraces and hold support at about 40-41k,we will be getting a 50-51K BTC this week. Volume is impressive ,evidence at how fast BTC mops up the shorts as soon as they come.Red trend line- swing low level if we break below it and below 200MA (NO!! I definitely do not want that!!!!)
Blue trend line- If it makes it above that, then 100K
BTC is very possible by early 2022.The most fun part is that the ALTS are breathing better now.
If you got entries about a month or months ago, you must have scooped about 100% profit from some of your alts by now and counting...
Whales that mopped the
BTC you panic sold at 29k 22 days ago has made about 58% profit from your loss.Lesson: Think like the whales all the time!
Disclaimer: All NFA but personal opinion. Please DYOR!
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