After my short call Im going with the new direction for BTC

12 gen 2021

I feel safe and warm in this channel for bitcoin. I will post a larger timeframe so you can see where this 'channel' is coming from. I think this can go two different ways. I think the slow grind is the safest and will make money for those in alt and will also lead to a new high. That way is the green line. It will also build a very nice base for up for future launch. The other way is a blast off up. I think it may be short lived and will bounce of the resistance created by the hourly lower highs....the same hourly lower highs I established the short idea off of before the dip. So I think a quick bounce to 38000 will require us to make a higher low and therefore a double bottom. Either that or we fall through to visit these high 20s everyone is talking about.

12 gen 2021

Nota

12 gen 2021

Nota

Of course this is very dependent upon the DXY which has a decision to make very soon. I'm going for down after a touch of 91. Which would mean btc linger a bit with possibly a small move down with a sharp move up thereafter as DXY would need to form a higher low or it will fall off a cliff.

12 gen 2021

Nota

Zoomed out DXY


If you look at daily chart it form a giant M and looks like its falling off a cliff with a brief pause here

12 gen 2021

Nota

Green line in channel would be nice a few more confirmations and we could maybe trade range with low risk for entertainment while our larger position in BTC moves higher. As this ranges I would keep an eye on ALTs. I am looking to buy LINK soon.

12 gen 2021

Nota