I hate to go against trend with the semi orderly march from $29,800 to current price in 1 month (66% in 30 days....) but.. a major pull back seems inevitable at this point and $51,000ish is right at the top of the golden zone for fib retracement. I would be very happy if we rip through this via supply shock.. straight to $100,000 but will be happy to rely on...
Taking the long even though I said I'd sit out until $48k breaks cuz this bad boy is clearly got the momentum... Bears haven't been able to push the price down to reasonable levels with bear divs all over the place. This one feels obvious so stop set to prior candle low. The only thing still itching is the dollar pumping....... just going to ignore that little...
Trying this again with a very small entry zone and stop. LTF seems restless but no one seems interested in longing at the moment so I assume we dip to at least 43-41k Posted this today and still feel the same: As long as $DXY (Dollars) is weak AF then #bitcoin will be strong AF.. until the FED nukes the market I think we can resume #uponly (will delete if they...
Layering in $43500 to $42k-ish will bail if $40k looks weak. Hoping it's a poke down to 43k and the 200MA ends up holding hard. Feels like no one knows what's next after the #Crypto bill amendment failed but who cares. (Closed the last long early based on news reaction)
Long from this morning - will keep adding on dips if we get them, between 50D MA and 0.23 fib, until we break or reject 3rd touch on down sloping resistance.
Just trying to keep this one simple and inside the box to cover anyone's bias for BTC. A horizontal / sloping trendline from 52k back on March 10 has been respected a bunch of times on both directions, was flipped into support on June 14. This gave me what looks like some pretty good symmetry for a prediction - would be invalidated if we drop below $37,000 IMO.