Context:
Red: Resistance
Green: Support
Purple: Channels/trends
Gray: 50 SMA
Yellow: 20 MMA
Blue: 50 MMA
Bitcoin is at a crucial support level here. And like many retards, I'm confident in what's going on.
Here on the 4H chart we can see a descending wedge, bullish RSI divergence with an absolute RSI low of 21, and a sustained support line dating back December 20th, 2020. With the US economy seemingly more unsteady and at boiling point, I do believe smart money is looking to allocate their capital as to hedge against a societal recession/collapse. Inflation hit new 40 year highs?! Whatttt?! Cut the shit. We knew this was coming.
Red: Resistance
Green: Support
Purple: Channels/trends
Gray: 50 SMA
Yellow: 20 MMA
Blue: 50 MMA
Bitcoin is at a crucial support level here. And like many retards, I'm confident in what's going on.
Here on the 4H chart we can see a descending wedge, bullish RSI divergence with an absolute RSI low of 21, and a sustained support line dating back December 20th, 2020. With the US economy seemingly more unsteady and at boiling point, I do believe smart money is looking to allocate their capital as to hedge against a societal recession/collapse. Inflation hit new 40 year highs?! Whatttt?! Cut the shit. We knew this was coming.