Price action, and fundamental key levels favor the advance, as well as the 'Time at mode' and RgMov signals discussed before.
We can add to longs once again, in roughly 7 hours and 40 minutes from now if we get a dip, using a stop at 4400.
We will risk 1-3% on it, and move all current stops higher to that price as well after this time elapses.
I'll update the chart with further instructions later.
Risk 1 average true range down. Avg. daily volatility in BTC is roughly 3%.
ATR shows 100-150rmb for stops.
Long term targets. Having a core long term position of 15% portfolio is extremely reccomended. We can hedge downside shorting with margin when needed, and/or trade short term, buying dips with margin, and reinvesting profits in more BTC when viable, and trim down the position when it exceeds 80% of the portfolio again.
Sentiment is running at extreme highs, so we can book some profits and reenter lower when short sighted bulls give up.
We'll buy the next dip, we can look to enter leveraged positions again soon.
For now, we have to wait for the pullback to support, or if we get a time at mode uptrend, forming a sideways consolidaion in the daily, we'll take a breakout trade.
Today's high should hold until the close of the month and week, if it does, we'll surely see a drop next week, possibly a result of overexcited bulls joining late, the market will get rid of weak longs before moving higher. We have a nice weekly uptrend which will confirm after the week closes, you can see the target on chart. If price doesn't drop back under 4310, we could see price hit 7047.01 eventually.