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$BTC update
We got the 3-month reversal - momo-up reversal - which now puts the 24825 pivot in play.
The multiple outside bars have caught a lot of traders offside.
This is when zooming out to a higher timeframe helps see the forest through the trees.
On the 12-month - $BTC is clearly trading inside year and it's very unlikely we break that range.
Tactically, this still means that on a risk-adjusted basis, it's still best to sell rips and buy dips.
If you're a longer-term trader/investor then keep some gun powder dry, don't chase as you will have opportunities to buy $BTC at cheaper prices.
$BTC update
We got the 3-month reversal - momo-up reversal - which now puts the 24825 pivot in play.
The multiple outside bars have caught a lot of traders offside.
This is when zooming out to a higher timeframe helps see the forest through the trees.
On the 12-month - $BTC is clearly trading inside year and it's very unlikely we break that range.
Tactically, this still means that on a risk-adjusted basis, it's still best to sell rips and buy dips.
If you're a longer-term trader/investor then keep some gun powder dry, don't chase as you will have opportunities to buy $BTC at cheaper prices.
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