OK time to dust off the old TV account again!
$BTC has moved above the 60 day simple moving average and historically when this happens after a period of consolidation, BTC will trend for at least a couple of weeks with the 60 day mean price offering a good spot to rebuy in the result of a pull back.
I expect some headwinds obviously at the 28k-29k level for the obvious reason of being a zone of major bounces in the past, so would probably be looking to take profits there and rebuy the retest of the 60day SMA.
If this idea is to fail i have a stop below the wick of the prior thrust candle and below the 60 day SMA around 20.4k
tldr
Initial Target 29k
Stop 20.4k
using the 60 day SMA as a guide to buy pull backs or to get out if it gives way
Sign up to the best exchange FTX right here
and help a brother out 👇👇
ftx.com/referrals
$BTC has moved above the 60 day simple moving average and historically when this happens after a period of consolidation, BTC will trend for at least a couple of weeks with the 60 day mean price offering a good spot to rebuy in the result of a pull back.
I expect some headwinds obviously at the 28k-29k level for the obvious reason of being a zone of major bounces in the past, so would probably be looking to take profits there and rebuy the retest of the 60day SMA.
If this idea is to fail i have a stop below the wick of the prior thrust candle and below the 60 day SMA around 20.4k
tldr
Initial Target 29k
Stop 20.4k
using the 60 day SMA as a guide to buy pull backs or to get out if it gives way
Sign up to the best exchange FTX right here
and help a brother out 👇👇
ftx.com/referrals