Traders,
As expected, Bitcoin has now arrived down at my $39,877 level. This is a target that I have set for the beginning of my DCA entries. I think we could come further down to my channel support areas and I will add more here if that occurs. But, if we break those supports, I will exit and look for lower entry points because, at that point, I would expect a re-visit of $31,600. I am mainly playing a quick pump and retest of the $44,500 level where I will take profits and reanalyze the charts should we get there.
I have also given an update on my recent altcoin entries but unfortunately, this information is not available here on Tradingview.
As expected, Bitcoin has now arrived down at my $39,877 level. This is a target that I have set for the beginning of my DCA entries. I think we could come further down to my channel support areas and I will add more here if that occurs. But, if we break those supports, I will exit and look for lower entry points because, at that point, I would expect a re-visit of $31,600. I am mainly playing a quick pump and retest of the $44,500 level where I will take profits and reanalyze the charts should we get there.
I have also given an update on my recent altcoin entries but unfortunately, this information is not available here on Tradingview.
Comment:
Taking half off for profit. Raising my stops to break even.
Trade closed: target reached:
The 4 hour chart is showing resistance both on the price side and RSI. I have decided to take my Bitcoin profits here and am all out. I will look for re-entry if we drop back down to our daily supports (around 39k) OR should we confirm further movement to the upside.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Our supports below are still holding strong.