FTM Clean Retest Break-out from Macro Trend
FTM
retested the last macro trend from March "22 signaling me no more bearish momentum. As Previously said, took a lot of profit at 0.55. Now almost bought all of it back.
Reasons why I am bullish now:
- BTC ETF brought a lot of volume and credibility in the crypto market. Blackrock CEO is bullish on crypto!
- Election year, governments are still going to bail out anything close with a warning sign. Despite interest rates, the data shows increasing liquidity = great of risky asset class.
- ETH ETF rumor will shift liquidity into ETH and alts
- BTC in consolidation and usually during bullish momentum when BTC consolidates, money flows into alts.
Reasons why I am bullish now:
- BTC ETF brought a lot of volume and credibility in the crypto market. Blackrock CEO is bullish on crypto!
- Election year, governments are still going to bail out anything close with a warning sign. Despite interest rates, the data shows increasing liquidity = great of risky asset class.
- ETH ETF rumor will shift liquidity into ETH and alts
- BTC in consolidation and usually during bullish momentum when BTC consolidates, money flows into alts.
Komen:
2nd and 3rd entry got it
