BTC FOMO ZONE - THANKS TO ELON MUSK
8th Feb - Tesla announces investment in BTC. BTC shoots up almost instantly.
Added VPVR (Volume Profile Indicator) shows the gap up zone has very low traded volume across a huge range. This was due to a lot of panic & FOMO buying after the news announcement. The week leading up to that saw continuous ATH for BTC and subsequently a correction of price just about back to the FOMO zone (40 - 42K BTCUSD).
Will it take support here?
Until then #HODL
Added VPVR (Volume Profile Indicator) shows the gap up zone has very low traded volume across a huge range. This was due to a lot of panic & FOMO buying after the news announcement. The week leading up to that saw continuous ATH for BTC and subsequently a correction of price just about back to the FOMO zone (40 - 42K BTCUSD).
Will it take support here?
Until then #HODL
Note
In the last week, BTC made a high of 52K+Note
Price currently hovering around 50K+Note
BTC hit 55K+Note
Consolidation seen in BTC between 54-57k.Note
BTC hit 60K!!!Note
No looking back at BTC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.