It has been a long time since I posted about btc . I honestly didnt see the need to post because the rally was obviously stronger than many people thought. Heck even I was socked by it. My last target was 9987$ but btc know how to drop the jaws of many.
This is where I stand today with btc .
Weekly looks strong, daily came close to weak at 7.4k. Monthly still a little and I think it will play an important role in the next few months.
I will continue to hold my trades till the daily shows some weakness, and as of now there is no clear target on the new high to be honest.
I have a lower price in mind based on the daily and it is 7.4K. first would be 8.9-9K should act as temporary support. As I have said before, I am no shorting this market. I just prefer to be on the side of the trend.
Good luck and trade with caution.
Happy trading and See you in a few months.
This post ideas was based in price action solely and it surely got many caught out of guard.
Unfortunately, that rally couldn’t hold. I still think a higher low is at play. 8.8k was a very attractive high target but falling to 6.5k twice erased that target. 7.6k was our previous buy we have already hit that as well.
My expectations is a lower target still. I have many reasons to believe that and I will be looking for any change.
900-1.1k is my idea for now. I will update the idea with a new one soon.
Merry Xmas, A child was born, A son was given.