Is BTC Reloading?

Snarkhund said:
Btw, Lee...

I read your posts. Read them carefully and study your charts as well. I'm an old chartist from back in the day and would like you to know that your posts are studied and receive consideration and are appreciated.
More...

Thanks very much for you kinds words. It's certainly appreciated
 
Good morning all, apologies for not updating with the picture analysis. As I have mainly been covering Bitcoin on my YouTube channel I haven’t done a chart update for a few weeks. As I mentioned on my video update’s I bought Bitcoin after the Sell to buy price action at the trend line . As we can see we have had some nice bullish impulse price action. We have created a higher high, and now expect to create a higher low top hopefully start our bull trend off. Currently 6K pips in profit so if you followed keep holding for now until the trend is confirmed for the next leg up. GLIYF


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The price of Bitcoin has dropped to almost 50% since november 2021 when it was at all time highs. However, I don’t think it’s something new. It has seen multiple big drops in the past as well but the price has always bounced back.
 
Good morning all, today brings another small update on Bitcoin . Price is sitting at virtually the same point as the last update. But we have had some movement, and with that we have seen some bullish trend structure form. With the established higher high formed and the higher Low created right on the little demand zone . Price is looking good for continuation of bullish movement. We just need to see this leg now produce the next higher high. As always if you followed move SL to entry price, or into some profits and keep holding for now. Will update again in a few days. GLIYF
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Good morning all, little update today on the Bitcoin trade I took. I have mostly covered Bitcoin on my weekly video's on YouTube so if you watched that then you would know what I was looking for. I closed my previous buy for small profit as mentioned with the fear of falling further lower. But as we cans see the demand zone we previously bought from held quite well and we got the visit in price to buy from. We got a drop back in price and it rejected from the demand zone again and closed above, so that was my signal to buy.
For the moment it looks like were in a little range here so we still need to see a break above to continue the bullish movement, but at least we bought from the bottom which is where we need to be placed. Currently 5700 pips in profit which is over 1:1. So again we can move our Sl to entry price if you wish to do so. keep watching for now will update again next week. GLIYF
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Good morning all, there hasn't been much to report on Bitcoin of late. Due to price being very idle and moving in this small range. Are we on the verge of a breakout? It certainly looks like we could be. Price is getting squeezed here, what I like most about this price action is that it is making higher lows even in the range. Is this the bottom? Have you bought in? Let me know your view's on Bitcoin and the next direction of at least a medium term trend. I have bought and will hold unless we see more bearish action. GLIYF
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