Kevin_Yang
@t_Kevin_Yang
What symbols does the trader recommend buying?
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Kevin_Yang
With only 18 hours remaining until the monthly candle closes, the consolidation phase for this leg of the run appears to be ending. Despite repeated attempts by the bears to defend the 70k level, the bulls still have plenty of gas left in the tank. The RSI is healthy and does not yet indicate a peak level of mania.Traders who rely on the monthly chart for their trading decisions are likely to start placing trades tomorrow, so an increase in volatility is expected.The critical level was the 59k to 60k range, where the bulls successfully transformed what was once a supply zone into a demand zone.The macro outlook seems overwhelmingly bullish. The fundamentals of this sector are setting the stage for a very bullish upcoming month, with factors such as:- The Bitcoin halving- Increased interest from Blackrock and other institutions in purchasing Bitcoin.In summary: Up Only!
Kevin_Yang
Bitcoin is currently ranging between 30-40k. Currently bitcoin is showing strength and will need a further day or two for confirmation that this will push higher.The fundamentals for bitcoin are strong.Many people are still buying bitcoin despite the fud.Inflationary pressure is still being applied because the federal reserve is still printing money.I believe the stockmarket is going to continue to be irrational because that is the times we live in. Thanks for watching and reading
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