Bitcoin's "Stop-Hunt" has resolved and the market sentiment is still bullish... we're off to the races :)

You know what this means... Buckle up buttercup...

Remember from last week when I posted the 1 Year Bitcoin performance chart and said: "based on these indicators... this looks Bullish..." Which immediately and hilariously was followed by a flash-dump lol... 😩

Here's the post and chart from last week, if you don't remember:

Bitcoin 1 Year Performance Post

Here's the stupid picture, with the stupid quote, with the STUPID FLASH DUMP 12 hours later:
 

I then made another post, which I won't link but it's on my blog if you want to find it...

I said in those following posts: "I did some reading and apparently someone went "Liquidity Hunting" aka "Stop Hunting"...".

I went on to explain what those terms meant, in the event our reader didn't know 😊

I then took a step further, going so far as to say: "If the $BTC Market recovers, we're still boooolish... if it rejects off $45k and starts heading back down, the market just didn't have the strength and we weren't that bullish after all... 🤷‍♂"

Welp... it hath recovered... and we are OFF TO THE RACES boys n girls!!
 

 
Next stop is probably in the neighborhood of $50k or so... but just know, I believe $42k was an important level to overcome and $45k will also be some decent support now that we've passed it with some authoritah.

Of course this doesn't mean we can't reverse course and end up back in the $30k's or below... but $42k was a solid level last cycle and should also be fairly solid support this cycle... "should"... Nothing is ever certain in this world.

Fin.

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Thank you for joining me, that's all I have today!! I hope you found it informative and I will do my best to post another one tomorrow!! Depending on whether or not I make a Splinterlands post, that may use my free writing time for the day... But I promise, I will definitely be back!!

This post and none of my other posts are financial advice. I am not telling anyone to purchase/hold/sell or invest in any asset. What you do with your own money is up to you... my posts are just my observations and opinions!

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I appreciate the support and it definitely encourages me to share more of these along with my experience - an entire DECADE of it, in the Crypto world!

Please let me know what you think, any charts or topics you'd like to see and how I can improve in the comments below!

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Cheers 🍻,

• CaptainDingus
   
  

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