Content
@
https://warpcast.com/~/channel/cryptodads
0 reply
0 recast
0 reaction
The Grill Sergeant
@grillsergeant
BTC Saw this channel this week on the game plan. It doesn't perfect match the line I was following from the previous cycle tops, but it is probably better. Looking at the first chart, you can see it comes from previous cycle tops, which gave us the tops of this cycle so far. The lower parallel has acted as support and resistance through all cycles as well. Zoomed in on the second chart, you can see how close price is getting to the bottom of the channel (around 96K). If you take a Fib from the all time high to the recent low, you can see the .618 (the most powerful Fib level) is aligning with the 96K level. I am strongly considering taking more off the table today if this gets there. I would consider buying back if we chop sideways for more days to create a bull flag. The recent bull flag before this move was 10 days of chop. I am removing emotion here and remembering how quickly things can and have gone to shit.
2 replies
0 recast
1 reaction
The Grill Sergeant
@grillsergeant
Also, I think if the bull market is going to continue, this would be a spot where a pull back makes a lot of sense which would lead to a higher low I talked about yesterday. There is still the scarier possibility that the bull market it over. If so, this would be the area where a lower high before rolling over would make sense.
0 reply
0 recast
0 reaction
Ghost 🎩
@ghostbo4.eth
Thats some Good painting , how much ? Jkjk
0 reply
0 recast
0 reaction
