I know RSI is overbought on multiple timeframes, but as you can see from the past that doesn't mean it's the mother of all tops! FUD is ripe these days, and the perma-bears promise doom and gloom. That's fair enough, but I say Bitcoin arise! I'm pondering on a bull flag in formation with price to advance to 6500, short lived resistance and then to 10k.
Absolutely no trading advice, this is for posterity, ensure your own due dilligence.
Happy trading
Absolutely no trading advice, this is for posterity, ensure your own due dilligence.
Happy trading
Trade active:
Back on the rocket's trail. Looks like a FAT inverse H+S to me. Bitcoin futures coming probably mid december might just be the catalyst needed for 10000+.
Neckline broken, expecting immediate retest of neckline within hours, potentially a fakeout just below, sucking new fuel for new ath's.
Irrespective of bearish RSI div, my plan is to aggressively target the inverse head's height (cloned green rectangle after neckline break) with fairly loose stop losses to new all time highs, I expect limited resistance.
Expecting 10000 before end of the year. Bitcoin arise!
Happy and safe trading.
Back on the rocket's trail. Looks like a FAT inverse H+S to me. Bitcoin futures coming probably mid december might just be the catalyst needed for 10000+.
Neckline broken, expecting immediate retest of neckline within hours, potentially a fakeout just below, sucking new fuel for new ath's.
Irrespective of bearish RSI div, my plan is to aggressively target the inverse head's height (cloned green rectangle after neckline break) with fairly loose stop losses to new all time highs, I expect limited resistance.
Expecting 10000 before end of the year. Bitcoin arise!
Happy and safe trading.
Comment:
Progressing as expected. Added to long position at 8000 on Bittrex. Gotta love a good panic sale. Bitcoin at bargain prices. Hooray!
Trade active:
Bingo! Price approaching the target of the inverse H+S height and closing in on 10k swiftly.
Watching out for fake-out in area slightly above 10k, though if we break the psych level, much is possible.
Happy trading, no advice, ensure your own due diligence.
Watching out for fake-out in area slightly above 10k, though if we break the psych level, much is possible.
Happy trading, no advice, ensure your own due diligence.