Guys, I did take profit on this trade at 54866. I saw that price action was showing extreme exhaustion at the micro trend line. Following that about a hour or two later, the market moved aggressively to the upside. Now that we are at the level of 58k for the right shoulder completion, we could see the market possible continuing in the opposite direction. The IRS did send out Stimulus checks and a lot of people received them today. This could have ultimately pushed the price of bitcoin much higher. But make no mistake, the market creators are coming for those profits lol. I will be looking to place another sell position if the market provides more confirmation in regards to a sell off. I still am looking for price action to come back to 51163. Remember, it is never bad to pull your profits. Always set a daily goal. NEVER BE TOO GREEDY! I will enjoy my profits and monitor this for us all. Be sure to leave a comment below, we would like to hear from you. We appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
Rodrick (CEO)
Third Eye Traders
Comment:
Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds, according to news sources.