Hello Folks!
Just wanted to make a quick note here of some thought's on Bitcoin.
First of all, I've been enjoying what appears to be the completion of the right shoulder of this H&S patter play out all day. I believe it's going to provide some great levels to trade off.
The Golden line can be traced back through the charts to pre BTC breakout substantial support levels, as a result, if we do make it down, a strong reversal for a quick trade will be outstanding!
If we break down below the golden support level OR the "Neckline" look for a back test of that level, and a breakdown for confirmation, then we'll see some great opportunity for another good short.
Anywho, be careful. Don't throw a bunch of money into BTC hoping we're going to all time highs next week.
Look out for the 200MA on the daily, if we break above that level, the bull market might be back! but until then, be careful and trade safe :) Know that we're technically in a bear market, and don't go gettin that fomo just yet!
<3
Just wanted to make a quick note here of some thought's on Bitcoin.
First of all, I've been enjoying what appears to be the completion of the right shoulder of this H&S patter play out all day. I believe it's going to provide some great levels to trade off.
The Golden line can be traced back through the charts to pre BTC breakout substantial support levels, as a result, if we do make it down, a strong reversal for a quick trade will be outstanding!
If we break down below the golden support level OR the "Neckline" look for a back test of that level, and a breakdown for confirmation, then we'll see some great opportunity for another good short.
Anywho, be careful. Don't throw a bunch of money into BTC hoping we're going to all time highs next week.
Look out for the 200MA on the daily, if we break above that level, the bull market might be back! but until then, be careful and trade safe :) Know that we're technically in a bear market, and don't go gettin that fomo just yet!
<3
Trade active:
see if we bounce here
Trade closed: target reached:
very good.