Bitcoin rejected off its 200D

Another $BTC bottom signal using Renko Mari-Ashi I don't cover this much out here and maybe I should because it's quite a niche and Renko charts are great because they are noiseless and entirely price-based. It is a centuries old Japanese technique first used by rice traders. Mari-Ashi has a very specific ruleset and method of determining the block size based on absolute range. There is very little to no information out there about this so I feel really fortunate to stumble upon information about this a few years ago. But it's pretty simple really and can be taught in a few minutes! According to this, what we are seeing right now is a double bottom formation after the bear market and a bullish breakout.

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#Bitcoin is in a BOUNCE And it will take it higher! But the CRASH after the Bounce is going to leave BTC Maxis devasted. Enjoy the Rally!

To me, this inverted $BTC chart looks pretty bullish. I would draw the support zone like this. I'd summarize by saying: The chart clearly bottomed, then broke out and looks likely to hold that support region. So, now, reverse it all (because it is inverted): The chart clearly topped, then broke down and looks likely to be rejected from that resistance region.

When re-entering the market in 3-6 months from now, I'm going to be super conservative and not try to catch the bottom at all. This is because I am swing trading BTC and not entering the market for the first time. As it stands, my plan is to mostly re-enter the market around $51k. I feel that nearly guarantees an entry (which for me results in more BTC than I started with, which I will be happy with). I don't need to stress of missing out and feeling like I need to chase the market higher later on if I were to miss the bottom. But if I had fresh capital to inject in the market, then I'd start DCAing at $50k and keep buying as it drops down ($45k... $40k... etc). BTC could realistically go as low as $35k this cycle, imo. However, the odds of it reaching lower and lower levels decreases in probability as the price goes lower. Originally I had my main buy target set lower, but I had a talk with myself and weighed the pros and cons of lower targets and it just didn't justify the risk of missing an entry. Again, that's because I'm swing trading and not entering my position for the first time. Also, time is a factor. It depends on what BTC price action does in the coming months. If BTC goes sideways for 6 months then I would raise my buy target to $61k or wherever makes sense at that time, which is still below my sell prices.

Imagine if Iran bombed and destroying the Golden Gate Bridge in California. What would you call the act? The USA-Israel the “aggressors”bombed and destroyed Iran's tallest bridge, the B1 Bridge. This will only unify the Iranian people against Israel and the United States. This is not what Trump ran on and this is not what we voted for…

#Bitcoin is following this fractal almost perfectly… No way this keeps playing out, right?

These things happen when you least expect it… Do you believe in Alt season?

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🔥BULLISH: Bitfinex whales $BTC long positions have reached a 3-year high. They must know something.

Today, the Trump administration repealed the endangerment finding: the ruling that served as the basis for limits on tailpipe emissions and power plant rules. Without it, we’ll be less safe, less healthy and less able to fight climate change — all so the fossil fuel industry can make even more money.

$ETH - Even as a long term bull I still can't see a reason to get back in yet. If Bitcoin already took out the April lows I don't see why it doesn't eventually do that.