Bulls did it, we now have a continuation signal indicating the weekly base we had earlier this year was a longer lasting bottom than expected... I'm long crypto since last night (bot positions back after 3 day charts triggered bullish trends in various coins). Let's see how this goes, promising start. If we end up moving towards the 45k zone we could be on to something here. Best of luck!
Cheers,
Ivan Labrie.
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Fighting resistance but acting strong overall...
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Looking like a bear trap (like the ones my 'bears trapped' indicator finds.)
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Was a bear trap indeed...good action, I think there might be a mini alt season here. But keeping exposure to Bitcoin in the crypto portfolio (largest position)
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TracksuitTrader
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Gotta love how these things play out. Last week it was all doom with banks seemingly crashing left and right.. and then something completely different. Charts did give us clues though, especially the sharpness of the recent correction was nice.
Weekly ichimoku looks interesting too, top of the cloud is @37-38k until end of april. There's a somewhat compelling setup to repeat what happened in 2019, when the price spiked through the top of the cloud (similar overperformance on the present chart would take us over 40k, even to 45k) and then spilled out from the side to correct on top of it later that year. This would also conveniently place the next major bull run around the 2024 halving or so, and give us space for a possible black swan before it (the covid shock in 2020). Might be too perfect repeat though, but noteworthy still.