We are building a long within this green rectangle labeled "Build a long position" that has proven to work until otherwise. We will set a S/L below the rectangle. We will raise our S/L for-profit and take profit along the way if possible. We can target as high as $45.00 before deciding on our next move. There also may be a Long opportunity within the green box labeled "Buy". Approach this scenario with caution as BTC can bring down the entire market with it. MACD tells us the selling pressure is dissipating. However, the buying pressure may not last. RSI is in oversold territory and can stay that way for a while. The lower band is acting as strong support. We are mindful that anything can go wrong. We shall find out if this is a bull/bear market soon enough.
Best of luck, Bullas, and Bearas,
HONEYITSGONE
Best of luck, Bullas, and Bearas,
HONEYITSGONE
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Comment:
Rejected around $44. Approach with caution going into the daily/monthly close.
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Took profit @ $43.00 and stopped for profit @ $42.10. Had 3/4 profitable scalps. Was a good day to not lose my moms retirement funds.
Nasty shakeout? Filled some bids @ $37.90- $38 (Smol amount). I recommend staying clear of here until after the monthly close because things can get even uglier(not saying they will get worse).
Nasty shakeout? Filled some bids @ $37.90- $38 (Smol amount). I recommend staying clear of here until after the monthly close because things can get even uglier(not saying they will get worse).
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70% of our position stopped @ $39.70 for a profit. S/L @ $37.85 for our left over position. Always raise your stops for profit(includes trading fees) and look for a better entry if possible. I will wait until after the close to find a safe entry.
