So I have been trading and tracking bitcoin amongst various things since 2017.
Of course the climate being at an all time high and the obvious trump movements with the imminent crypto legislation.
However something we more experienced folk have understood over time in this space whilst it is still maturing... when it is obvious a major capitulation event always...
Based on the charting I have been personally following crypto and investing since 2017.
Haved managed to go through a full cycle and see the highs and the lows.
After seeing both bear markets,
The major thing that sticks out to me here is the Outlined Pandemic which of course correlates with the rally.
Noting specific Months:
December each year,
July 15 in...
As this chart as not been modified we are seeing typical behaviour bein repeated by the majority in crypto land. This being said... we are also seeing further discussions fundamentally surrounding the footprint of crypto currencies in the future.
Now at this present time we are seeing a few things take place. Speculation at the 6800 Level showing buyer...
This i have been tracking for sometime..
The buy rally caused as performed before will be met by waiting whale short orders, which will purely knock out all those not understandingh the cycle.
Simple and straight forward. await candle closes on lower time frames for anticipated entries.
Based on the simple risk : reward ratio with a standard lot.
Each Dec-Feb end of Jan we have a sharp spike and mometum carry puely based off the economic movements of decemebr within Australia.
With summer ahead and aot more supifical spending that takes place in this month we can continueto move with these movements without thought.
All depending on the degree of speculation in regards to smaller timeframe investment,
This is another opportunity i'm keeping my eye out for on this crypto pair.
Paying attention where this is the previous range of accumulative investors.
Then again if we see a bounce off this 50.0 Fib we will most likely see it take off once again. Keeping Btc and its position...
