Houston on Nostr: Back to posting charts on nostr! $BTC update We got the 3-month reversal - momo-up ...
Back to posting charts on nostr!
$BTC update
We got the 3-month reversal - momo-up reversal - which now puts the 24825 pivot in play.
The multiple outside bars have caught a lot of traders offside.
This is when zooming out to a higher timeframe helps see the forest through the trees.
On the 12-month - $BTC is clearly trading inside year and it's very unlikely we break that range.
Tactically, this still means that on a risk-adjusted basis, it's still best to sell rips and buy dips.
If you're a longer-term trader/investor then keep some gun powder dry, don't chase as you will have opportunities to buy $BTC at cheaper prices.
Published at
2023-08-10 19:08:25Event JSON
{
"id": "5105f5f7f120df9ca1661fed3ac29a88ab17a837686609615cd4168ba93687c3",
"pubkey": "1146c0daffb25ca06a27a8f262412963570100705a9381cdd34410e1f6ac5ccf",
"created_at": 1691694505,
"kind": 1,
"tags": [],
"content": "Back to posting charts on nostr!\n\n$BTC update\n\nWe got the 3-month reversal - momo-up reversal - which now puts the 24825 pivot in play. \n\nhttps://s3.tradingview.com/snapshots/s/sffMihAB.png\n\nThe multiple outside bars have caught a lot of traders offside.\n\nThis is when zooming out to a higher timeframe helps see the forest through the trees. \n\nOn the 12-month - $BTC is clearly trading inside year and it's very unlikely we break that range. \n\nhttps://s3.tradingview.com/snapshots/0/04s05Jsz.png\n\nTactically, this still means that on a risk-adjusted basis, it's still best to sell rips and buy dips. \n\nIf you're a longer-term trader/investor then keep some gun powder dry, don't chase as you will have opportunities to buy $BTC at cheaper prices.",
"sig": "37e5a56490e91149b62cf3c8e9b5ba0959f464c8339ac6f2f44e2ff545f042374377a33968d5679547a34618d1c6f149536147c6b9d4031887ea69a6ca95c5fb"
}
