Bitcoin , sitting at $9500 at the time of this analysis, is sitting on the uptrend side of the Bollinger basis, and all micro frames < 1D showing indications of continued buying support.
This analysis is clear cut and suggest BTC will soon be above $10k and potentially half-way to $20k by the time we get though August. The summer is usually a dead season / consolidation for the King, so that means we see $13k-$14k in June before falling into consolidation through August.
MY Personal Game plan:
Long at $9500 / majority of cash is converted to BTC
SL at $9200
TP 1 at $11k, TP2 @ $11.9k and Holding but no longer leveraged at anything above $13k until consolidation and retest of former resistsnaces plays out.
Looking forward to seeing how this plays out, I have a bullish sentiment I haven't felt since late 2016 for BTC and early 2017 for Alts.
This analysis is clear cut and suggest BTC will soon be above $10k and potentially half-way to $20k by the time we get though August. The summer is usually a dead season / consolidation for the King, so that means we see $13k-$14k in June before falling into consolidation through August.
MY Personal Game plan:
Long at $9500 / majority of cash is converted to BTC
SL at $9200
TP 1 at $11k, TP2 @ $11.9k and Holding but no longer leveraged at anything above $13k until consolidation and retest of former resistsnaces plays out.
Looking forward to seeing how this plays out, I have a bullish sentiment I haven't felt since late 2016 for BTC and early 2017 for Alts.
Trade closed: target reached
Eric Thies