Nice simple trade, high likelihood of BTC hitting this price. Buy all dips from now, the movement is already confirmed.
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Buying all major dips from here on. TA, FA and algos all looking fantastic, potential for a consolidation period around 38'000 then more upwards momentum until 40k+. Enjoy the ride!
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We should observe a sideways consolidation range around this price point, potentially over the period of the next day or so, allowing stochastics and market equilibrium to reset before further continuation to the upside. Only looking for buy opportunities now (higher lows). Keep a close eye on BTC.D if in altcoins, a breakout from the down trend would indicate BTC is the stronger favorable asset, conversely a downwards movement off resistance (+ bullish BTC price) could indicate a new altseason.
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Added to longs at the downwards impulse @36'200, should see a continuation of uptrend around this zone (+/- $500). BTC.D also broke down (waiting for confirmation) which could indicate a switch in dominance over to the alts if $BTCUSD continues upwards.
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It is now confirmed BTC.D has broken to the downside indicating we could see altcoins fly if BTC is to maintain its upward trajectory (and BTC.D downward one). Will be progressively diversifying my BTC heavy portfolio into altcoins (LTC/ETH + some more risky coins) within the coming weeks. Still on target for $40'000+ with no changes to the overall strategy.
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Adding to longs @35800, the upwards movement is still in its premature phase, volatility and acumulation ranges are expected, 40k+ still on the radar
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Broken upwards from the resistance. Should see 40k+ soon!
Trade closed: target reached:
41k target reached, sold a fair chunk of the portfolio (ut will be keeping the majority in the market, will be looking for more potential buys as I believe we have started a new bull run. Keep up to date with future analysis by giving me a like and follow!
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If you would like updates on this idea check out the analysis below -
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