As much as I believe BTC has the ability to go to the moon, nothing is invincible to the free market...
We are in an incredible rally right now but given the near triple top at the psychological level of 10k, we might start back testing some of those support levels we've created... first around the 8.9k-9k region where I'm hoping we reload and send BTC into overdrive after.
I'm putting in tight stop/loss's due to high volatility on the uptrend's support.
If however we fail to hold that and we hit a massive panic selloff, keep an eye out for 4.8-5k. I hope it doesn't go this far but we've said that when we hit 10.5k in March and look what happened.
Consider all possibilities and trade with your own ideas!
We are in an incredible rally right now but given the near triple top at the psychological level of 10k, we might start back testing some of those support levels we've created... first around the 8.9k-9k region where I'm hoping we reload and send BTC into overdrive after.
I'm putting in tight stop/loss's due to high volatility on the uptrend's support.
If however we fail to hold that and we hit a massive panic selloff, keep an eye out for 4.8-5k. I hope it doesn't go this far but we've said that when we hit 10.5k in March and look what happened.
Consider all possibilities and trade with your own ideas!