Bitcoin approaching long term Support

Loads of FUD around, but just looking at the charts, there are two major points to consider possible bottom.

I've marked them both. I think the market resolves itself around the first week of September before starting its next leg up towards a ATH.

Commento:

p.s. alts look like shit, I think the next couple of months weeds them out to bottoms too.

Commento:

Another view. I've had the buy this line for a while here now. Would be nice to see if we test it.

Commento:

Weekly Ichi says, we are at strong support already, but I have a couple of targets marked here for a breakdown to buy. I think we have a couple of months to see how this resolves.

Commento:

Commento:

Possible retest coming, adjusted levels.

Commento:

Retesting now. I think bounce off 27500 to see if it recovers, otherwise 23800s may be test shown as the target area here.

Commento:

Bitcoin looks like it wants to test lower. If it does, I think its the bottom in for the cycle.

If we get a test, the shaded box is probably what I am looking for.

Commento:

Forgot to add the shaded box in last message, here it is:

Commento:

Failed to go above 27300 and if this is not reclaimed, we'll probably go and test the 2 on the chart I posted in august above. Around 23.6k

Commento:

Support 1 has held throughout this rally and it has been a great one.

I think we now try and test the support 2 at 23 / 22 levels. The last support at 25 will also be key to watch.

For this to keep going up, probably a better bet to get in once 38k is reclaimed. There is still a possibility we hit 40 and then dump.

Trade chiuso: obiettivo raggiunto:

Closing this trade. Was a really really good run. Some froth around now. It may go much higher, but this is a good level to pause and close trades.