finally we see a daily bull move out of bitcoin, and the moment it appears to be reaching escape velocity a wild pullback appears. theres a chance this leads to consolidation towards signal (.5 of bounce/top of consolidative area lows weekly), but if we hold this pivot im looking near weekly highs (bottom of last monthly bounce). even if we trend back down toward equillibrium im still buying long term.
Trade closed: target reached:
i think its safe to call this a profit taking area after whats transpired technically in the past few hours. the chart will kind of explain my longer term picture more clearly. basically if we stay over this ma and beat the pivot im not opposed to higher, and im still buying long term (cant stress that enough), but lets not grasp at straws when theres no need as the return of the bull market will need time to develop. were at top of envelope for example. theres sell signals, but im not saying short it. just take most profit here until its confirmed were exploring some of those daily value area dumb money highs.
