Bitcoin approaching long term Support

Jun 10, 2023

Loads of FUD around, but just looking at the charts, there are two major points to consider possible bottom.

I've marked them both. I think the market resolves itself around the first week of September before starting its next leg up towards a ATH.

Jun 10, 2023

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p.s. alts look like shit, I think the next couple of months weeds them out to bottoms too.

Jun 10, 2023

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Another view. I've had the buy this line for a while here now. Would be nice to see if we test it.

Jun 10, 2023

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Weekly Ichi says, we are at strong support already, but I have a couple of targets marked here for a breakdown to buy. I think we have a couple of months to see how this resolves.

Jul 5, 2023

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Jul 17, 2023

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Possible retest coming, adjusted levels.

Jul 24, 2023

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Retesting now. I think bounce off 27500 to see if it recovers, otherwise 23800s may be test shown as the target area here.

Aug 3, 2023

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Bitcoin looks like it wants to test lower. If it does, I think its the bottom in for the cycle.

If we get a test, the shaded box is probably what I am looking for.

Aug 3, 2023

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Forgot to add the shaded box in last message, here it is:

Oct 11, 2023

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Failed to go above 27300 and if this is not reclaimed, we'll probably go and test the 2 on the chart I posted in august above. Around 23.6k

Nov 22, 2023

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Support 1 has held throughout this rally and it has been a great one.

I think we now try and test the support 2 at 23 / 22 levels. The last support at 25 will also be key to watch.

For this to keep going up, probably a better bet to get in once 38k is reclaimed. There is still a possibility we hit 40 and then dump.

Feb 22

Trade closed: target reached

Closing this trade. Was a really really good run. Some froth around now. It may go much higher, but this is a good level to pause and close trades.