Bitcoin should now start to trend up for the next week or so. I expect to be at the top of my BLUE downtrending channel again in 4-6 days or at around $10,000. In almost 3 months, the bulls have not yet proven that they have the strength to break out. I personally will be looking to sell (at least half, maybe more, maybe less) again once we get there. I want proof. So far, these bulls have not delivered.
Beyond my blue channel you have the first and second necklines and a few other strong resistance points. But you can read more about those in my previous posts. For the purpose of this idea, I'm mainly making traders aware of a temporary short term bullish move to 10k.
Peace. And happy trades.
Trade fechado: objetivo atingido
Sorry. Busy with work folks. Real quick update on this one:
Target was reached at $9900 so I am going to be closing this post out and opening a new one. It didn't happen quite as I expected. $100 more and I would have been exactly right. It also happened quicker than expected. But overall, pretty darn close. And batting a thousand in the last 5-6 posts. Let's hope that string continues.
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