Is Bitcoin About to Explode Again?
BTC buy limit
Buying 6,377
Stop 5075
Target 18,000
This is an asset I've not really been on the long side of before.
I've twice sold the bubble top moves ($900 first time, $18,000 second time) with decent success.
BTC has shown itself to be a serial bubbler - which can be more accurately described as "Strong trending".
Now we have a large correction from the highs and the butterfly trend continuation pattern presenting itself in the major retrace level of 61.8 - 76%.
It may be after another spike out low, we see the BTC bulls charge yet again.
This could take BTC to new highs. Ultimately trading over $25,000.
$18,000 is my buy target. I may be in the "buying dips" business after that into new highs. Will update closer to the time.
Buying 6,377
Stop 5075
Target 18,000
This is an asset I've not really been on the long side of before.
I've twice sold the bubble top moves ($900 first time, $18,000 second time) with decent success.
BTC has shown itself to be a serial bubbler - which can be more accurately described as "Strong trending".
Now we have a large correction from the highs and the butterfly trend continuation pattern presenting itself in the major retrace level of 61.8 - 76%.
It may be after another spike out low, we see the BTC bulls charge yet again.
This could take BTC to new highs. Ultimately trading over $25,000.
$18,000 is my buy target. I may be in the "buying dips" business after that into new highs. Will update closer to the time.
Penafian
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