Bitcoin long 4 to 1 risk reward

Not my field, but this is a nice spot to long for a 4:1 Risk/Reward trade
I had made a mistake in the previous chart and while i deleted the previous and published the new the price changed. My exact entry can be checked here in twitter
twitter.com/criptoma...s/959408144765083650

Komen:

They owe me obedience, like a Caesar
twitter.com/criptoma...s/959415400189644801

Komen:

A retest of this neckline would justify a move up to 10k
pbs.twimg.com/media/DVCtvFxUQAApDOf.jpg

Komen:

Inverse head and shoulders just confirmed targeting the same area.

Komen:

Time to think about stops in profit. If 8800 ends up failing and there is no bounce we will retest lows, which i dont want to do holding my position. So placing a stop at 8250 for now.

Komen:

After being stopped out at 8250 I am a buyer again in the low 6000

Komen:

Komen:

Got some interesting fills down there.

Komen:

Buys played out great

Komen:

Trying to unload at least half of my position near 8000

Komen:

Got those sells below 8000.
Let's see if this ihas plays out

Komen:

Inverse head and shoulders played out perfectly.

Now that we are deep in green time to set a stop loss in profits and choose a target.
By now our SL is going to be at 6900
And also by now our take profit is going to be a 10500

Komen:

Let's see if this bull flag plays out.

Komen:

There is this

And also this

So once (if) we breakout this trendline fomo will kick in

Komen:

As suggested here i am expecting a bull trap, at least upto 12k, maybe even higher, before more blood.
twitter.com/criptoma...s/963005557895548928

I still target 10.5k with the remaining of this long, and i consider it a safe target for now.

Mainstream media is calling bottom, JPM is comparing btc/eth/xrp to regular bank transfers... this is the perfect "return to normal" enviroment. But there are so many people in loss (new buyers since november) that i dont believe we can get rid of them without MOAR panic

Komen:

In head and shoulders we trust.
Go, go, go Bitcoin!

Komen:

Looking good so far.
Raising that stop loss in profits to 7900.

Dagangan ditutup: sasaran tercapai:

And this is it. I hope you had fun.
From 6000 to 10500 :)

Komen: