Apr. 7 at 3:27 PM
$OWLT The daily is all I ever really looked at before but as this has gotten more mature, the weekly chart really matters and the monthly is making an impact, all three seen here. We've now entered the green risk zone, algos are starting to fire, and the weekly green wave print is right around the corner. I wouldn't be surprised if this was the bottom, like literally today. Also unsurprisingly, the gap from May 9th filled today.
A few things give me pause and keep me from selling bitcoin and moving back into this. The monthly looks nasty still, I'd like to see that flatten out on the downside while this is in the green risk zone. The green risk zone on the weekly is great, it's a buy zone for sure, but bottoms can spend a LOT of time in that zone once they breach into it, and retests happen over a long period of time, that and at this point I think most catalysts have been reached, so what's new and compelling to propel this forward is how I look at it.
Starting to look attractive.
