Posted this chart before but it posted funny so im re posting it. If BTC holds above the clearly defined resistance level it is currently holding above, in my eyes BTC is clearly still bullish. I would TP at the recent highs and move my stop to my entry if it starts to run as a new resistance level could be established at the recent local high. I might even jump in to a hedge at that high. BTC may very well test the previous resistance level round 10k again and again.
Its always better to be in a trade as your prediction happens then to get in to a trade and hope your prediction plays out if that makes any sense. If the level fails i will be stopped out and will look for a retest to short. But for now its been going up for months so why fight it.
Its always better to be in a trade as your prediction happens then to get in to a trade and hope your prediction plays out if that makes any sense. If the level fails i will be stopped out and will look for a retest to short. But for now its been going up for months so why fight it.
Comment:
im taking some chips here and getting a little short exposure to BTC. Higher Time indicators are starting to flash a few signs that a pull back could be on the cards. Im never fully NET short BTC