Bitcoin broke above 31k and went straight to 35k as we said could happen over three months ago. We are now looking for continuation up to ultimately 42k.
At the 42 k level we will most likely sell most of our holdings that we acquired when we first broke out at 25k. This will claim us great profits and allow us to enter the altcoin markets that are shaping up greatly right now.
The current pattern displays accumulation. We are making higher lows and buying up the wicks on lower timeframes. Watch out for impulse moves, we will not trade this one with leverage for now.
At the 42 k level we will most likely sell most of our holdings that we acquired when we first broke out at 25k. This will claim us great profits and allow us to enter the altcoin markets that are shaping up greatly right now.
The current pattern displays accumulation. We are making higher lows and buying up the wicks on lower timeframes. Watch out for impulse moves, we will not trade this one with leverage for now.
Comment:
Breakout and confirmation
Comment:
As we've been saying - 38k next soft target
