Quote from: EarnOnVictor on July 10, 2024, 08:41:11 AM

What happened in June has made me stop a strong disposition on the bullishness of Bitcoin, I would rather do what my trading chart tells me to do, this is what I know that has not failed me in the medium and long term disposition. As usual, the excitement has come for Bitcoin enthusiasts with the coin rebounding upward again but I still see more barriers to challenge it than easy passage. Bitcoin will have to break above $62,120 and hold above it with a daily close before I call a bullish trend for it.

Owning to this, presently, I am neutral this month, but later, it may change to a positive or negative stance depending on what the market does for now. If the market could return to negative price action on the daily and weekly chart without breaking $62,120 upward, I will be negative about hitting $75,000 this month. However, if it breaks and holds above $62,120 with a positive price action on the 1D and 1W chart, I will be positive about the level.

I do agree that June wasn't a good month, but that doesn't mean that we are going to have many bad months back to back, July could very well be a good month. Plus summers are usually not great time for bitcoin to go up, we could see the summer being not so great, but by fall we could see it do a lot better.

I think being neutral to this month is a good idea, I think staying like that makes sure that you know what you are doing and you are not expecting much, and you are waiting for the future. I buy as much as I can afford to, very small these days, but I still do it, just in case, because I do not expect it to go up now, it would be great if that happens, but I actually aim at later on, like September or later, to make it go up. That's why I am holding.