BTC is looking juicy and ripe for a really good Kumo breakout, the beginning of a new trend. We may see the price pullback over the next few days to get closer to equilibrium/Kijun-sen and then finally break out to the upside as it exits the cloud. Weekly looks good as well. There's the possibility of price riding the cloud as it moves up and the weekly is in bullish territory already so the bias looks great. I've already bought some BTC a few days ago and will probably buy more over the next few days or so. Even then, need to re-evaluate your plan every day and not blindly buy because of price pullback. Listen to the markets, and they'll tell you when to buy or sell.
Comment:
Still bullish, wouldn't be too surprised if a pullback happens or maybe we go sideways a little over the next few days or so but all in all, looking good so far. The bottom indicator is the ADX. Black line is strength of the trend and it's above 25 which is a good sign. I'd like to see it start ticking up a bit but we'll see. Green line has already crossed above red so that's in good shape.
Comment:
Still going strong and still holding BTC. No reason to be selling as of right now but need to continually evaluate and listen to what the market is telling us. Make yourself available, and be ready to sell when the conditions change.