We now have a weekly uptrend signal in Bitcoin suggesting a rally to $28k is possible here...I was skeptical with this possibility but there's a similar rally in various risk assets, and we even had some strange sentiment signals lately (Pomp removed laser eyes from his Twitter profile). Everyone hates this rally, at least among my close circle, which is interesting as well.
I'm long, since risk is small, with an invalidation a bit below 20k. Don't risk more than 1-5% in any trade.
Cheers,
Ivan Labrie.
I'm long, since risk is small, with an invalidation a bit below 20k. Don't risk more than 1-5% in any trade.
Cheers,
Ivan Labrie.
Trade closed manually:
The move here penetrated the uptrend mode nullifying the weekly signal.
Next week could be when a trend signal fires, after the rate decision
Falls on the 21st
This week will likely be a smaller range week than last week, so it won't take too much effort to trigger a trend signal in the weekly.
The same pattern is visible in $AAPL, $SPY, $QQQ.
Some names are already in a down trend like $GOOG or $META...
The move here penetrated the uptrend mode nullifying the weekly signal.
Next week could be when a trend signal fires, after the rate decision
Falls on the 21st
This week will likely be a smaller range week than last week, so it won't take too much effort to trigger a trend signal in the weekly.
The same pattern is visible in $AAPL, $SPY, $QQQ.
Some names are already in a down trend like $GOOG or $META...
