breakoutfakeout

Did you miss the adam and eve double bottom on bitcoin?

Long
COINBASE:BTCUSD   Bitcoin
Just a bit of post reflection here, hopefully you had follow button hit on my previous BTC post where posted this on saturday live as it occurred and also in the crypto chat room. Follow my trades as i post updates regularly on them and the vast majority of them work out as planned/ become profitable which you can back test if you like.

Here we can see that Bitcoin put in what's known as an adam and eve double bottom on Saturday which occurred in conjunction with infrastructure bill news and brazil news. I entered more longs right at the bottom of the eve (rounded bit) and posted this in the chatrooms live. Over the next few months i will be starting live streams of my trading so please stay tuned.

For me the technicals were clear, volume came in at the low as it was no secret 60k was the accumulation zone and then the 4hr candle reversal pattern went on to confirm the low. It was clear to me that this new bill was giving the bigger money the option to now buy, with greater regulation of exchanges comes peace of mind for everyone. More countries especially one like brazil adopting BTC is extremely bullish as well.

So i'm now all in my longs between 58.5 and 60.5k as most other big players and pro's are as well. I'm holding now for a few months. As per my other posts i expect BTC to move to 80k first then 93-98k within a month or two then 100-250k by end of next year.

We may see a retracement down to the neckline supports on low volume or we may just continue higher. For now hold.

Trade active:
Dip buying opportunity here, big bullish divergence on 5 min chart at trendline after rip to all time high yesterday. Add here


About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




Telegram coming soon.
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