Bitcoin (BTC)

Allow me to attempt to educate a few of you Although this will probably fall on deaf ears given the level of bullish bias I see The point of this 2022 illustration is NOT to suggest $BTC will see a similar drop, or a drop at all The point is, at the blue circle (similar to today), it's premature to conclude the downtrend has ended simply because we broke one area of descending resistance; that is ignorant of objective charting analysis We broke ONE downtrend line, but as denoted by the red circles (again, similar to today) we have lower highs, and still in a bearish trend HTF Could we bust a nut and go higher, sure Could be break down and go lower, sure But this was NOT what I was addressing My only point with this post was this: You can NOT get overly bullish bc 1 little trendline to the downside broke It is way too early for that reaction, and it exposes both the bias and inexperienced emotions in this space My trend line as originally drawn is 100% accurate If you want to convince yourself othe

@AcmeThough people moved 49,000 BTC to their account on exchanges. It shows they are either willing to sell or trade

Let's just simplify everything for a moment here. This is the first patch of choppy trading I can ever remember that I feel happy talking about. I've basically been non-existent during this time, deliberately trying to avoid any over-trading, instead focusing my attention fully elsewhere. And I've completed that successfully for the first time. However when we look at this $BTC chart we are now in the most significant zone for the last 6 years. From here, it looks as though we have opportunity, whether that be macro bottom, LTF bounces or simply momentum shifting while we hang around. At least it feels as though it's a time to become more interested in the markets now, and not simply pooling all my attention and resource into TCG.