Time to collect my thoughts on BTC after this massive (30%+) weekly candle that broke out of the falling wedge.
I ended up closing my short at the bottom of the move (around 7.4k) on the basis of an unfavorably evolving risk-reward. It just wasn't a good idea for me to long there.
After the big move to 10.5k, I was set out to long the retest of the broken trendline, which I did at around 9030. I am very bullish on BTC and will either average down a long entry position or add to it as BTC moves higher.
I am expecting a long sideways consolidation from BTC. Still putting most of my attention on alts.
I ended up closing my short at the bottom of the move (around 7.4k) on the basis of an unfavorably evolving risk-reward. It just wasn't a good idea for me to long there.
After the big move to 10.5k, I was set out to long the retest of the broken trendline, which I did at around 9030. I am very bullish on BTC and will either average down a long entry position or add to it as BTC moves higher.
I am expecting a long sideways consolidation from BTC. Still putting most of my attention on alts.
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.