Bitcoin 1 day chart (simplified) 11/21 – cain522

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Good evening everyone. I am looking at the 1 day chart this evening and I decided to focus more on the way the fan looks on the chart. I have not been using the fan a lot lately and its not because I dont appreciate the tool. I think sometimes when I put it on the chart it gets too busy and its hard to see the candles. So tonight Im focusing on the speed fan. Its a fib tool you can find on TradingView. I highlighted the areas that are evidence of how well these fib tools work. Im always really impressed with fibs from the fan to your traditional fib retracement. I left RSI on the chart because I wanted to point out how low it was. It really bounced last time it got this low but Im not saying the RSI had anything to do with the bounce. What I am saying is when the RSI is lower its more bullish . But we are under the cloud now and that is bearish as well. Blood is in the streets and most of us have been through this before so it should be no sweat. The market is cyclical and the bears are running wild right now. The bulls will take back over soon enough. The halving is coming in approximately 6 months. There is a lot to look forward to if you are trading or investing in Bitcoin . When the price dips dont be discouraged. Look at it like an opportunity to load up. That is what I do when it gets cheap. I dont take a loan out but I do buy more when it gets cheap. I also pointed out at around 7300 we have continuously bounced from that region and we are very close to approaching it once more.

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Cloud Mining: HashflareGenesis MiningIQ Mining

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