Support and resistance lines/50 day EMA/channel resistance

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
55 0
I think we will have a hell of a time breaking through the top channel resistance line. Breaking past the 50 day EMA may be a little easier. Heavy resistance if we can get there will be around $8800. We have had a great few weeks.. like the fellas in the channel used to say "it's only profit if you sell it". So don't be greedy or complacent, if you are sitting in alts when BTC dumps you may get dumped on. I plan to personally take a lot of my profit to fiat after this next $200-400$ run up. Then again it very well may hit it's next small target, chill or even retrace slightly then go on to its heavy resistance line at $8800 but the longer I do this the easier it's becoming to "lock in profits". There are 10,000 ways to make money in crypto and any of us can do it but what very few people can do is be happy with smaller safer growth and protect capital. By all means it's about protecting your capital as Dylan would say. It's not about making money, it's about NOT losing money so do whatever it takes to not lose money!! Oh yeah and one more thing. Stop losses. Use them!
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