roscoed716

Depending on what "Big daddy BTC" does, the SEC and their nonsense Well's notice, etc. The future holds some uncertainty for Uniswap. (In the American markets anyway). Uniswap isn't only used in US jurisdictions though, not to mention the massive "financial firepower" they have to tell the SEC where "to stick it." It doesn't take a financial genius to notice we are right around STRONG support, on the daily/weekly, etc. Personally I'm going long with a tight stop loss, if BTC s**ts the bed or there's more bearish news she might break below that (incredibly strong) support but personally I doubt it. I'll gradually increase my position if she goes my way, keeping that stop loss tight. It's all a bucking bull ride anyways. -Stay frosty fellow traders, scared money don't make money. 💯

I believe we might form an inverted head and shoulders, I've tried to draw it here on the daily. (It's rough) but hopefully you get the idea... In a nutshell, we'll have a small correction (hopefully) holding support at around the level of the left shoulder. "58k ish" give or take... Then continue up after a couple bounces off support. The small correction should take place in the next couple of days. If we break below support, it's a free fall "doom and gloom" way down into no man's land. I'm still bullish personally, I think with inflation and everything retail investment is only going to rise ultimately. Best of luck fellow traders. 💯

My theory remains the same, still long. Still an overall bearish sentiment in the ideas. I can totally see an inverted head and shoulders playing out like BTC has done a trillion times before. (I tried to make a drawing of what I believe might happen...

I drew a trend line on the weekly, hopefully you can see it. I believe it's going to continue up very soon. Within the next day or two I believe we'll see something happen whether it's breaking up or down. The RSI looks like it's resetting beautifully. I just don't have a bearish feeling. Time will tell but it always seems to do the EXACT opposite of the common sentiment in the ideas. And the common sentiment right now seems to be more bearish. I'm long until it breaks that weekly trend line.