Now that the black swan Feb/Mar Covid-19 crash is behind us, BTC has consolidated and resumed its uptrend finally breaking and holding above the key resistance at 10,500.
See my Feb post for a variety of reasons why we are likely to see $12,000, a small bounce, then $13,800 now.
Thumbs Up & Constructive comments appreciated.
See my Feb post for a variety of reasons why we are likely to see $12,000, a small bounce, then $13,800 now.
Thumbs Up & Constructive comments appreciated.
Comment:
Currently ETH surges in advance of BTC.
Catching each ETH wave, transferring to BTC as it surges immediately after to catch up, then transferring back as ETH consolidates & BTC does a small retrace is a good strategy for additional profits if you have time to monitor closely.
Catching each ETH wave, transferring to BTC as it surges immediately after to catch up, then transferring back as ETH consolidates & BTC does a small retrace is a good strategy for additional profits if you have time to monitor closely.
Comment:
BTC broke 11,400 resistance, now within 5 hrs is pushing through 11,700.
Watch for bounce near $12k! Bull trend is warming up.
Watch for bounce near $12k! Bull trend is warming up.
Comment:
Perfect correction at $12,000 as forecast.
Re-assessing and looking for re-entry.
Re-assessing and looking for re-entry.
Comment:
Good support found in the low $11k. I re-entered at $11.1k. $12k re-test is likely next and this (low $11k) still seems a good place to enter if you haven't.
With typical volatility that comes with big moves, do monitor closely for SL hunts and be careful of over leveraging. I closed into $12k but the data shows a scary number of liquidations from that level down to the momentary $10.5k dip.
With typical volatility that comes with big moves, do monitor closely for SL hunts and be careful of over leveraging. I closed into $12k but the data shows a scary number of liquidations from that level down to the momentary $10.5k dip.
Comment:
After the first push above $12k to the local high of $12,490 we're seeing the expected correction below $12k again in the upper $11k range. While this bounce was anticipated in my chart I'm cautious as the buying pressure is not as strong. I recommend keeping leverage low, monitoring your position & stop losses in case we see a drop.
Comment:
Back for an update after taking a break.
For those who held, the prior resistance from $10k to 10.5k became strong support. Price retested this from above before climbing above our second $13.8k target.
For those who held, the prior resistance from $10k to 10.5k became strong support. Price retested this from above before climbing above our second $13.8k target.
I'm tracking BTC but trading ETH which has the highest gains during this trend. At the moment, DeFi is a hot topic.