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Technical analysis by Trainwreck about Symbol BTC: Buy recommendation (8/13/2023)

https://sahmeto.com/message/234835
Trainwreck
Trainwreck
Rank: 4958
1.7
Buy،Technical،Trainwreck

A ton of MACRO factors to consider but strictly price action for Bitcoin, you cannot ignore the 200 day moving average, Bollinger Band tightest since 2013, and key levels needing retest for entries. That said, I am looking to get long and hoping to catch some dips here but would end up chasing if price goes bananas from here. On the MACRO front, global liquidity is flat while US domestic liquidity has been doing amazing with the RRP drain VS the liquidity drain via US Treasury.

Translated from: English
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Signal Type: Buy
Price at Publish Time:
$29,284.44
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