Bitcoin weekly chart, testing the 8th week of the MA



Next week has a high probability of a breakout. Currently, the KD is crossing upward around 20.

Since 2018, this has happened about 8 times, almost always leading to a certain degree of rebound or a bull market reaching new highs.

Therefore... I think the risk-reward ratio here is quite good, and it's a good place to add positions.

As a result, even though the market has been declining for three months with little action, I’ve recently started actively building positions. No matter what, there should be a significant rebound.

Retail investors are still very bearish, and the market is completely not FOMO, but institutions and a bunch of whales are continuously accumulating.

I choose... to stand on... the side of the big players.

If a deep bear scenario really occurs, I will still cut my positions.
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
中本聪风哥vip
· 23h ago
New Year Wealth Explosion 🤑
View OriginalReply0
中本聪风哥vip
· 23h ago
Hold on tight, we're about to take off 🛫
View OriginalReply0
中本聪风哥vip
· 23h ago
Hold on tight, we're about to take off 🛫
View OriginalReply0
中本聪风哥vip
· 23h ago
Hold on tight, we're about to take off 🛫
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)