Whooph Read — BITCOIN

Whooph Reads — BITCOIN

Concur with TACTICAL ALLOCATION. No emotional trades.

BITCOIN is ranging. As in April-Oct of 2024 BITCOIN periods of consolidation are in a flat RANGE.

Consolidation is mode of restrengthening which is effectively a Time pull-back to the MA, not a Price pull-back. Not weakness.

Likewise, on the Weekly chart, Price is holding relatively steady (flat range) with higher lows while BITCOIN Indicators ink lower lows. This behavior is bullish Reverse Divergence.

So, that’s my read. - Whooph