breakoutfakeout

Take Bitcoin swing profits, hold spot.

Long
COINBASE:BTCUSD   Bitcoin
Here we can see bitcoin has charted the top of a major channel since the low around October last year. I'm out of my swing bitcoin trade now having banked nice profits from the cup and handle move. We can keep holding our longer term wallet plays.

We have a few support zones now (in green), best plan is to buy dips on strength (don't short in bull markets).

We will probably see some nice rotation into eth and alts

Trade active:
Wow bitcoin bursts through the channel barrier and looks to go parabolic. This triggered my long entry again. I guess when the richest man in the world says the future may be crypto everyone sits up and listened. Institutions buying hard today no doubt

Comment:
Please see newer post on homepage for further comments and an analysis as we move forawrds

About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




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