BRONCO TRADER🥇

🐝 BTC UPDATE The chart this week is quite simple. There are two resistances: $63,300 (local) and $64,500 (main). There is an extreme sell pressure in the main resistance area, the price was rejected from there 7 times already. Talking about supports.. there are two of them: ascending trend line and $60,000. In fact, I tend to believe that $60k is just a psychological level that bulls don't want to lose. There is no real buy pressure there. The only support that matters is the ascending trend line that saved the price 4 times already. 🧐 How to trade it? The safest buy is on the confident $64,500 breakout. A riskier purchase is after $63,300 breakout. If we lose ascending trend line — say goodbye to Bitcoin above $60,000. If this happens, we will see $55,000 zone in no time. Bulls need to push the price today. Otherwise this week might be bloody. I adjusted the size of my LONG position on Bitcoin, closed 30% of it here in small profit.

👀 Bitcoin filled the second buy order, the LONG position is valid. Holding.

📍 #PEPE UPDATE Local support (red line) was found and confirmed. I will buy after the resistance 935 cents breakout. This one must be leading all the memes on the next way upwards.

🦋❤️ Despite the fact that Bitcoin is dumping this week, Ethereum is staying relatively strong on the $3000 support! The same can be said about some (many) altcoins (not memes of course). The falling wedge pattern remains relevant.

🐝 Buy orders for my LONG position started being filled.

🐝 BTC UPDATE I hold LONG position on Bitcoin, average entry at the moment is $63,000. I used x5 leverage, which sets my liq. price at about $50K level. Entered with a relatively small amount of deposit because I want to average it lower. There are three orders: $61,200 $60,300 and $59,600. I'm ok if we go higher from now (but tbh chances are decreasing with each hour passing). But my overall goal is quite simple: have a LONG position opened with liq. price BELOW $50,000. You can agree that chances of falling below $50k are extremely low (<5%).

🐝 BTC UPDATE The last Bitcoin Update was published 9 days ago, but tbh nothing has seriously changed over this time. There is a small LONG setup formed on the chart — the price broke through the $66,200 and descending resistances, consolidating above them. I personally won't take it, I already hold more Bitcoin on spot than I initially wanted. Those dips made me buy. However, if you feel you don't hold enough #BTC — feel free to try it. Targets are on the chart.

🦋 Meanwhile, #ETH is forming a big Bullish Flag! Breakout of the ~$3400 resistance will it make it pump to $4000 immediately

💰 #Bitcoin Halving 2024 Completed🥳 Previous Block Reward was 6.25 btc Current Block Reward is 3.125 btc For the long-term it's a break point, I do expect the final rally to begin in couple of month🚀

❗️Buying some #MUBI at the current level Fundamentally, this is a good project that correlates with the current hyped BRC20 narrative. Namely, it is a bridge between BRC-20 tokens and EVM & Solana chains. Fully Diluted MC is $200M, and all coins are in circulation. Talking about technical analysis, there we have a potential breakout of the horizontal resistance. Good one as for short, as for mid-term holding.