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So, WOW, this has been a really fast run from 3000 to 4000.
What do we do when Bitcoin reaches 4000 after a 30% increase in only a week?
I must recommend taking some profits and seeing how it behaves here.
I don't think we'll see a clean break of 4000.
The case for a break of 4000 and STRONG MOMENTUM
I personally don't see upward momentum stopping because Bitcoin is getting more hits than ever on google and there are new reports coming out every day bringing new people to the market.
If we see a consolidation pattern form then we can set our levels, reload, and wait for the breakout.
The case for a pullback and GLOBAL SITUATION STABILITY
If news cools down with North Korea and we get some stability in the stock markets in the coming week, this could combine with people taking profits at 4000, resulting in a sharp pullback perhaps to 3500 (last flag breakout) or even 3000 (multi month consolidation breakout).
If we see a pullback, then I would wait for a support level and stability to reload the position.
BOTTOM LINE
Let's take some profits here, see how things develop, and establish some new levels.
I'll release a new note when that happens.
//o-o\\ God is a concept //o-o\\
Please send me a tip if you appreciate my work so I can continue:
Bitcoin address - 1Kc5AYgBNLQjqqzoQWiywbECSyMDNhkuYs
MY TRADING METHOD:
My trades are swing trades - a few days to a few weeks: perfect for people with day jobs.
I use 1H charts and 1D charts.
How do you know the best traders? They use simple methods but understand complex behaviors.
I use Price Action, 14-period RSI, and 9/21/200 moving averages. That’s it.
Successful trading means proper risk sizing and trading small so you can stay in the game AND LEARN!! If you can’t sleep at night, YOU’RE TOO BIG
Hope everyone is making some money! That’s what we are here to do!
Subscribe to my YouTube channel for regular in depth analysis:
www.youtube.com/chan...3qV95sTDqfnM8f4SkjKw
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Trade at the SPEED OF HIGH FREQUENCY traders
Sign up to TASTYWORKS::
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First time buying or trading Bitcoin?
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So, WOW, this has been a really fast run from 3000 to 4000.
What do we do when Bitcoin reaches 4000 after a 30% increase in only a week?
I must recommend taking some profits and seeing how it behaves here.
I don't think we'll see a clean break of 4000.
The case for a break of 4000 and STRONG MOMENTUM
I personally don't see upward momentum stopping because Bitcoin is getting more hits than ever on google and there are new reports coming out every day bringing new people to the market.
If we see a consolidation pattern form then we can set our levels, reload, and wait for the breakout.
The case for a pullback and GLOBAL SITUATION STABILITY
If news cools down with North Korea and we get some stability in the stock markets in the coming week, this could combine with people taking profits at 4000, resulting in a sharp pullback perhaps to 3500 (last flag breakout) or even 3000 (multi month consolidation breakout).
If we see a pullback, then I would wait for a support level and stability to reload the position.
BOTTOM LINE
Let's take some profits here, see how things develop, and establish some new levels.
I'll release a new note when that happens.
//o-o\\ God is a concept //o-o\\
Please send me a tip if you appreciate my work so I can continue:
Bitcoin address - 1Kc5AYgBNLQjqqzoQWiywbECSyMDNhkuYs
MY TRADING METHOD:
My trades are swing trades - a few days to a few weeks: perfect for people with day jobs.
I use 1H charts and 1D charts.
How do you know the best traders? They use simple methods but understand complex behaviors.
I use Price Action, 14-period RSI, and 9/21/200 moving averages. That’s it.
Successful trading means proper risk sizing and trading small so you can stay in the game AND LEARN!! If you can’t sleep at night, YOU’RE TOO BIG
Hope everyone is making some money! That’s what we are here to do!
Subscribe to my YouTube channel for regular in depth analysis:
www.youtube.com/chan...3qV95sTDqfnM8f4SkjKw
Help me out by signing with one of my affiliates:
ONLY 1$ options trades and FREE to close trades.
Trade at the SPEED OF HIGH FREQUENCY traders
Sign up to TASTYWORKS::
start.tastyworks.com
First time buying or trading Bitcoin?
Buy 100$ Bitcoin and get 10$ free at COINBASE with this link:
www.coinbase.com/joi...01680fe75a43cd0002e5
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591