the long term but sort term coming up fib resistance

30 de nov. de 2023

as we can see btc has broken thru the .5 fib and done so quite rapidly. too fast perhaps. look for a retest of the .5 fib and resistance in the 40k range were it to climb that high in the coming weeks. otherwise ranging between it and about 34k. a quick wick up to the .382 around 43k is not unreasonable to consider either, however this pace has got the RSI into near over an bought range at 76 using rsi&bb combined as shown in chart. i know its been a while but i try to only make calls when i feel a high degree of confidence in them as we will build a school of sorts eventually. set your stops and you limits always before you make that trade. always #nfa

30 de nov. de 2023

Nota

it should be noted long term we would like to se a strong support above 40k first before any sustainable rally can occur as this may just be a holiday run up only to repeat the cycle of falling to previous ath (even lower, tho doubtful if supply drys up in exchanges) before the halving it would be prudent for the wise trader to DCA anytime we approach 20kish imho. certainly would be working for you had one jumped on btc as it fell under 20k for some weeks no matter what price you would've paid you would be up a minimum of 80%. so zoom out, look at the cycles, and play the trend whatever direction it goes in grow your position in BTC and take profits for the bloody discount days on the occasional alt coin for a diversified portfolio. these are some of the best times to be researching who is going to be around next bull run after the halving, with many still 80% off their all time high.