AscensionTrading
@t_AscensionTrading
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AscensionTrading
Long Term thoughts for BTC into 2024 and 2025. I was hoping for one more push into 20k before a larger breakout for some prime accumulation levels, but but this actually makes for a more bullish chart. This chart is a LOG chart and BTC never broke below that channel which is key. Picture perfect bounce of the lower trend line. This next wave should be aggressively bullish and not give the great dip buy opportunities that traders are wanting.It has certainly been aggressively bullish so far. Now the main indicator to watch for is distribution and retest of the mid 30k level or does it continue to go vertical. If it goes vertical from here, the top will likely be less high and come sooner than if it can base in the high 30k to low 40k level for some time and then break out and really pump post halving. Spot ETF is certainly going to play a big roll in how this plays out.
AscensionTrading
Lots of similarities in what is happening today with what the May crash and subsequent bottom.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.