My Technical Analysis of Where We Are

I’m happy that we’re all in the right asset, but I’m aware there’s some people out there that don’t have the analysis tools that tell the story in the short term of what’s happening. Not saying I’m an expert or anything but I’ve been right most of the time.

Let me know if this is helpful and if anyone wants more detailed updates more often:

• Bullish Flag Formation- chart pattern that signals a period of consolidation and fight between buyers and sellers. Since it’s mostly ascending (higher lows), it’s more likely to break to the upside

• Bollinger bands getting tight- another indicator foreshadowing a break out

• Volume drying up- lets us know investors are waiting for something to happen before they jump on the train and support the move

• Supertrend indicates that we are in a strong uptrend, and this is just a pullback. Nothing goes straight up. In fact, pull backs are great entry points.

We aren’t overheated on RSI on the 1hr chart, and while the market is heating up, it’s likely just the start. Bitcoin usually has to get hot before it attracts enough attention to trigger mania and FOMO.

TDLR- a move to the upside soon is very likely

Always do your own research