GOOD AFTERNOON STEEMIT,
Why don’t people like Monday mornings again? They really don’t seem too bad to me:
Why is that do you think?
Well, yesterday I started reading and sharing my thoughts on Yanis Varoufakis’ Talking to my Daughter About the Economy. I’ve become a big admirer of Varoufakis’ seemingly common sense and moral approach to economics and this excerpt sums up why I don’t seem to feel the same way you do about Mondays:
Today’s labour market, driven purely by exchange value, has essentially re-enslaved you.
If you want to keep doing what you’re doing, dreading getting up in the morning to do something that will make someone else happy, then by all means go for it.
But if you don’t... then make a change!
Bitcoin Technical Analysis
Riding a wave of good sentiment after hitting support, let’s take a look at where the Bitcoin chart is at today.
As always, I start with a higher time frame chart and this is just a continuation of the daily chart featuring the levels that I’ve been sharing:
BTC/USD Daily
That short term bearish trend, shown by that down sloping trend line, has been capping price for too long. It feels good to see price finally testing resistance again and at least trying to resume the overall higher time frame bullish trend that price is in.
Now take a step down and have a look at the intraday levels:
BTC/USD Hourly
The Bitcoin hourly chart clearly shows price still just stepping up intraday since holding the bottom I talked about buying. I’ve simply added a short term previous area of resistance that has been retested as support to show that the run still has legs in it.
As long as these intraday step levels are still holding, then there’s no reason to be getting out of your position. Just be aware of the trend line resistance level that price is nearing.
It’s soon to be crunch time!
Best of probabilities to you.
Peace ✌🏻.
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
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