Real talk, I average down my spot Bitcoin longs like a mofo. Draw-down like crazy. Hodl usually works out for me though,

$XBTUSD 1H Update. New test.

#bitcoin

$XBTUSD 1H Update. Trendline + 100EMA are the next bosses.

$XBTUSD 1D Daily closed with a bull hammer, above yesterday's open. Very nice.

$XBTUSD 1H Update. Bulls are winning on very low volume, this indicates low selling pressure (OBV looks okay), it will probably pick up volume after we get a close above 11k (and then might soot up to 11.5k), or, if it doesn't, we dip and retest later.

BTW, every time we dipped below the 21D EMA since the start of this bull market has been a good time to buy.

$XBTUSD 1H Reaching for 11.5k resistance.

$XBTUSD 1H 11.5k gone. I'm already long but, if I wasn't I, would consider entering on a retest. Let's see if that old trendline offers any resistance at all.

It does.

$XBTUSD 1H This level's gotta hold for short term continuation.

I just noticed that @tradingview finally added to option to adjust fib levels to the log scale! I've been waiting for this for years. This doesn't change much of my previous analysis (they actually make more sense), be aware that I'll be using this now. Here's…

$XBTUSD 4H Looking for a higher low around 10.6k~11k (100EMA, .38 fib).

$XBTUSD 4H If this keeps going, next area of interest in orange.

$XBTUSD 1H Consolidated above EMAs (all crossed up) and now reclaimed 11.5k (might retest). Looks good for short term continuation.

$XBTUSD 1H I'm not a fan of fractals, but in the name of honesty, here's the bear case. Arrows mark similarities. You be the judge.

Not the type of close I want to see on the daily, still in this long (tweet above) with some adjustments made on last peak. Lower TF's showing bull divs on the ALPHA: Reversal though, so crazier things have happened.

Retest incoming $BTC

$XBTUSD Weekly Closed.

#bitcoin breakout