Long From here
I will admit my last idea was way too early for a long position, but sometimes you have to be wrong. This time I'm highly confident in this position.
Bitcoin is a creature of habit and I'll show you why.
Long Entry: 865xx-87xx
SL: 8580
TP: 95xx-97xx
Past: If we take a look at the chart from the previous bottom and bounce at 8100, we can see a bottom followed by two more higher lows.
In the second higher low it was 70ish dollars from the low and marched from there for a 1700 rally.
Current: In our price action here currently we see a low of 862x followed by two more higher lows with the second about 70 higher than the low at 8690.
Rsi has followed the same general structure as well. A low followed by a higher one.
We might just march from here and never look back past 10k, but I will personally be taking profit at mid to high 9k's should they hit.
Everyone and their mom is calling for CrAsH to 7k, and I think that's just ridiculous at this point.
I am not an advisor, so this shouldn't be taken as advice for commencing trades.
Goodluck to all.
Bitcoin is a creature of habit and I'll show you why.
Long Entry: 865xx-87xx
SL: 8580
TP: 95xx-97xx
Past: If we take a look at the chart from the previous bottom and bounce at 8100, we can see a bottom followed by two more higher lows.
In the second higher low it was 70ish dollars from the low and marched from there for a 1700 rally.
Current: In our price action here currently we see a low of 862x followed by two more higher lows with the second about 70 higher than the low at 8690.
Rsi has followed the same general structure as well. A low followed by a higher one.
We might just march from here and never look back past 10k, but I will personally be taking profit at mid to high 9k's should they hit.
Everyone and their mom is calling for CrAsH to 7k, and I think that's just ridiculous at this point.
I am not an advisor, so this shouldn't be taken as advice for commencing trades.
Goodluck to all.
Penafian
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