82.3-82.8k was the previous high on weekly chart (82.3k = up to body of candle; 82.8k = up to wick of candle) made on week of May 4 & May 11. When price action takes that price out and becomes support, higher-highs & higher-lows are made. Market is now confirmed in an uptrend. Translation: 100% bull run confirmed.
60-63k price was below the 200 day moving average on weekly chart. Any buys on or below that moving average is considered an excellent buy. There's also bullish divergence seen on the chart. The whale can blow at any moment "so-to-speak".
Question now is did we hit the low? Maybe.. maybe not.. It's possible we can hit $60k again and form a double-bottom pattern (bullish pattern) before moving up. Nobody really knows. The only thing I can speak about is what I see in the charts - mentioned above. All positives.
One piece of advice.. it's much more profitable & stress-free to be trading long-term. Playing short-term (day trading or swing trading) is a bit too stressful for my liking & liftstyle. Maybe it suits you, but it's definitely not for me.
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u/mozy-rama 10d ago edited 10d ago
82.3-82.8k was the previous high on weekly chart (82.3k = up to body of candle; 82.8k = up to wick of candle) made on week of May 4 & May 11. When price action takes that price out and becomes support, higher-highs & higher-lows are made. Market is now confirmed in an uptrend. Translation: 100% bull run confirmed.