To start off id like to say i am bullish on bitcoin. might be my bias because i am long since $7545 or the bullish ascending triangle lol Either way i am open to any possibility and this are my current views and plans for whatever comes next. we are approaching the apex of our triangle on the RSI and on our chart, meaning we will more than likely have an upside or a downside move very within the next 24-48hrs. i feel we will break out of our ascending wedge from here into our 10k range. thats possibility #1 possibility #2 we may come down to 7.8k area again and then bounce up and out of the triangle to our 10k range, i am not closing my long and waiting for this possibility because like i said i feel we go up from here and i am not willing to take the risk of missing out on the big move for a small extra profit. Possibility #3 is my bearish scenario where the bullish ascending triangle fails and we actually break down. if that happens to be the case i have my stop loss set in profit at $7650 and i will open a short position on the retest of broken support, with a target of a measured move from the ascending wedge of 5.7k area.
Bullish target: 10k area
Bearish target: 5.7k area
I say lets go bulls but i am ready to play whatever bitcoin wants to do.
Plan ahead or plan to fail my friends!
Bullish target: 10k area
Bearish target: 5.7k area
I say lets go bulls but i am ready to play whatever bitcoin wants to do.
Plan ahead or plan to fail my friends!