As we can see from the chart, PA has got above the neckline of the FTX drop and more importantly, is now using it very clearly as support while things cool off
This line of support also happens to be the 236 Fib retracement line.
Golden Cross on 500 / 200 MA
MACD & RSI all in good shape to push up again. The Only thing is the StochRSI on the weekly, which is overbought but can range longer. A Small Dip in PA would take that back down.
There also appears to be little resistance above. Maybe that target of $30K is a possibility now
But be under no false impressions, I am still expecting the Summer period to be hard for everyone as "Debt Ceilings" get called out in the USA economy and the treasury stops "helping"
This could upset things
Lets take it step by step and for now, Bitcoin & Crypto looks good, as recent 600%+ gains in various smaller cap coins shows.
This line of support also happens to be the 236 Fib retracement line.
Golden Cross on 500 / 200 MA
MACD & RSI all in good shape to push up again. The Only thing is the StochRSI on the weekly, which is overbought but can range longer. A Small Dip in PA would take that back down.
There also appears to be little resistance above. Maybe that target of $30K is a possibility now
But be under no false impressions, I am still expecting the Summer period to be hard for everyone as "Debt Ceilings" get called out in the USA economy and the treasury stops "helping"
This could upset things
Lets take it step by step and for now, Bitcoin & Crypto looks good, as recent 600%+ gains in various smaller cap coins shows.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.