Hi @everyone, so here is my thoughts on Bitcoin on a Daily Time frame. July 25, 2021 @ 1:15PM
- Since we got a pump today, I'm getting a lot of messages asking what's happening. I'd say don't panic.
- So I'm still watching this Parallel Channel in Bitcoin's Log Chart
- Here You'll see a Red Circle, If Bitcoin can Reach that Red Circle Area, that can be my deciding factor, if I'm going long or short
- If we gota rejection from that trend line, I'm shorting, If not, I'm going long as it will be a fake out from the down side and a possibility for a Bull Market Continuation.
- Overall, I'm still not convinced on this movement
- Bitcoin is still in the range
That's it guys! Goodluck! NFA, DYOR and TAYOR.
- Since we got a pump today, I'm getting a lot of messages asking what's happening. I'd say don't panic.
- So I'm still watching this Parallel Channel in Bitcoin's Log Chart
- Here You'll see a Red Circle, If Bitcoin can Reach that Red Circle Area, that can be my deciding factor, if I'm going long or short
- If we gota rejection from that trend line, I'm shorting, If not, I'm going long as it will be a fake out from the down side and a possibility for a Bull Market Continuation.
- Overall, I'm still not convinced on this movement
- Bitcoin is still in the range
That's it guys! Goodluck! NFA, DYOR and TAYOR.