Awaiting Bitcoin reaction to 50K resistance level.

22 Apr 2021

• Bitcoin breaks down from ascending wedge, reaching lower "low".
  
• Wait to see if BTC bounces from 50K resistance level at approximately the end of the month (30th April 2021).
  
• If bounces long BTC and target for the 65 - 68.5K level. [Continuation of upwards trend].
  
• If BTC breaks 50K resistance level short BTC and targets the 45K resistance level [Potential reversal of trend].
  

23 Apr 2021

Nota

BTC breaking 50K resistance level, short and wait for 40K resistance level.

24 Apr 2021

Nota

BTC back at 50K area.

16 Mei 2021

Nota

Clear test of the 45K level this is a major resistance level - be prepared to take a go short soon.

17 Mei 2021

Nota

45K resistance level broken with confidence. Short BTC (to USD) and look at 40K and 30K at re-entry points.

19 Mei 2021

Nota

Re-enter about 10% of the initial short position. Continue to hold USD, downwards momentum is strong and look at the 36K and 30K points to re-enter. There is strong support at 30K and 20K.

21 Mei 2021

Dagangan ditutup: sasaran tercapai

36K and 30K points were reached. Price bounced from 30K, unlikely we will hit 20K in the short to mid-future.

21 Mei 2021

Nota

Disclaimer: Cryptocurrency trading/investing involves a substantial risk of financial loss. The information provided here is simply a fun log to share my personal ideas and opinions. You should not make any decision, financial, investment, trading or otherwise, based on any of the information here. Anyone wishing to invest should seek his or her own independent financial or professional advice. Do not invest money you are not willing to lose.