Hello Traders,
Man, what a few crazy month amirite? Flash crash, FUD, China this, the SEC that.... It is hard on these crypto streets! Which is why I am going to make this simple for you all to be level headed. Every previous bull run that Bitcoin has been in, the price action has rode up a trend line for about half of the run before it really started to take off. as you see in the chart we are currently riding one in the same. The way that candle was eaten back up after that flash crash it is hard to think that we just keep dropping yet, it is important to plan for both ways. Personally, I am bullish until this support trend is broken. This looks to me like this run could last clear into 2022, maybe even 2023.
I hope you all have a Green week and I will see you on the other side!!
SAVVY
Man, what a few crazy month amirite? Flash crash, FUD, China this, the SEC that.... It is hard on these crypto streets! Which is why I am going to make this simple for you all to be level headed. Every previous bull run that Bitcoin has been in, the price action has rode up a trend line for about half of the run before it really started to take off. as you see in the chart we are currently riding one in the same. The way that candle was eaten back up after that flash crash it is hard to think that we just keep dropping yet, it is important to plan for both ways. Personally, I am bullish until this support trend is broken. This looks to me like this run could last clear into 2022, maybe even 2023.
I hope you all have a Green week and I will see you on the other side!!
SAVVY
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