- Update from my previous analysis, I stated that Bitcoin had to close out this valley that formed off the start of the downtrend at the $9788 level
- I was expecting a 1st touch rejection of $9788 and a dip back down to hold this vallye, but we saw Bitcoin blew straight yhrouh $9950 resistance and stopped mooning at $10350 resistance
- This $10350 level was formed Oct. 25th. 2019 when President Xi and China went bullish on Bitcoin, that level is marked off that sing high of that move
- Also this same $10350 resistance was rejected off of the coronavirus pullback, right now we're at yearly highs
- Saying ths, I'm expecting a minor pullback to $9960 and if you currently aren't in this is a great level for a re-entry
- Bitcoin is a phenomenal buy under $10,000 and won't stay this cheap forever, time in the market beats timing the market
- To correctly time the market there is a common misconception that people tend to get wrong, it is you have to be right twice in a row. Figure out the swing high on where to sell and the correct re-entry target zone. For most people it's very very difficult to even analyze the 1st portion of that move let alone the latter.
- Entry $9950
- 1st sell target would be the retouch of this $10350
- 2nd sell target $10927
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