In the 11 year history of Bitcoin (since 2009) it has closed weekly candles above $12,000 for 6 weeks. The path of least resistance is down, unfortunately.
🚨 I do have Buy Stop Orders somewhere above $12,000 just in case the bulls can push the price higher. I am NOT stupid enough to short this (even though I labeled this analysis as a Short.) 😅
- On Balance Volume looks amazing, as it has surpassed its 2017 highs!
- Moving Average Convergence Divergence confirms a strong trend.
- But the price is king. Bulls need to prove they can close a weekly candle above $12,000...
🚨 I do have Buy Stop Orders somewhere above $12,000 just in case the bulls can push the price higher. I am NOT stupid enough to short this (even though I labeled this analysis as a Short.) 😅
Dagangan aktif
Looks like my Buy Stop Orders got filled, I think this can go to $13,000 to $14,000 range, which is the cost of mining Bitcoin. I'll just keep trailing my Stop Losses a few percentages behind the price.Dagangan ditutup secara manual
I just went long into Litecoin instead!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.