MOABZ (the mother of all buy zones) so we are in it now, this chart as most of you know has been extremely accurate and profitable for a few years now. The MOABZ was drawn sometime around October of 2021 and it was used to see where we could and should spend our trading bags. Back in November, I knew to sell my positions and hold until we hit a new bottom, truth be told I don't know what the bottom is, I do know my designated area to start loading up again is the MOABZ. How was this info used? On the first dip into the MOABZ, I spent 33% of my working capital, and yesterday I spent another 33%. I do not think that this is the bottom but I think we are on our final approach before we go into a sideways market. If a trailblazing country such as El Salvador buys at exactly the spot you know this chart is 100% on target, perhaps they followed my advice?
Two things to remember:
We are due for a small period of moving up, this week specifically ( it has to happen) if not for sure by next week.
There will be a period of sideways action that will last a long time, (for as long as it takes) that period will offer the opportunity to put the last 34% to work.
Wisdom
The news does not affect the markets, the news is part of the game to drive the markets down and up again over and over...
Heads up:
On my charts when a line is no longer relevant due to a trendline violation or for any other reason I fade it, I only erase it when it is no longer useful or when it is unlikely that BTC will ever see it as support or resistance.
Warning
We are now under production cost for BTC which is around 34K. If we remain under that number it will be very costly and not profitable for miners. Either we go up asap to offer some relief or the next red candle could be bigger, why? Well in order to rally up a lot of buyers which will push the price of BTC above 34K.
VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
Two things to remember:
We are due for a small period of moving up, this week specifically ( it has to happen) if not for sure by next week.
There will be a period of sideways action that will last a long time, (for as long as it takes) that period will offer the opportunity to put the last 34% to work.
Wisdom
The news does not affect the markets, the news is part of the game to drive the markets down and up again over and over...
Heads up:
On my charts when a line is no longer relevant due to a trendline violation or for any other reason I fade it, I only erase it when it is no longer useful or when it is unlikely that BTC will ever see it as support or resistance.
Warning
We are now under production cost for BTC which is around 34K. If we remain under that number it will be very costly and not profitable for miners. Either we go up asap to offer some relief or the next red candle could be bigger, why? Well in order to rally up a lot of buyers which will push the price of BTC above 34K.
VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
