source avatarSykodelic 🔪

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You can keep it very simple here. After yesterdays monthly close, the overall HTF trend has now shifted. You do not get a monthly reversal close like that as a fakeout. From here, yes, it can either go up or down, lol. But seriously, the reason these kinds of posts are important is because it is very easy to get caught up in the noise during trend change periods. Bitcoins has reclaimed a lot of strong key levels, and if we are to get a pullback, then its really good to understand when pullbacks are bullish and when they are not. Every single cycle bottom has been confirmed after BTC reclaims the 200D SMA+EMA, which we have done. Any pullback into those levels, is bullish. And it is actually very expected for us to eventually retest those reclaims. A retest of those reclaims, with a bounce, is very bullish. When should be worried? If we lose those levels again. So, very simply. Most bullish scenario is a push above the 1W 50SMA. Second most bullish is a pullback into the rising 200D SMA+ EMA, then a strong move above the 50SMA. The trend has changed. Don't fight it, and chill out about pullbacks into reclaimed key levels.

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