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GenesisGo
May 27, 2021 8:14 PM

Bitcoin Alive or Dead? πŸ’€Β 

Bitcoin / United States DollarCoinbase

Description

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Short-Term (Bull Biased)

Bulls:
50/100 Cross
Inverse H & S

Looking for a confirmed break above the D1 200ma for an entry position to ~43K

Medium-Term (Bear Biased)
Bears:
D1 Closing under 200ma - Downtrend continues another leg down look for short entries when inverse H&S is broken

Fundamentals (Bullish - For now)

Increase in accumulating addresses
Whale address selling paused
Lowest net realized losses ever
Miners recovering

For my long-term portfolio, I am still sticking to my detailed plan that has worked for many years (Recent Post). Short-term traders can take advantage of the volatility that is about to occur. Keep your eye on the news as the market is extremely emotional and one article or tweet can drastically change even the strongest of technical analysis.

Comment

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Close 50% Short position here ~34K

Comment

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Stop-loss break even
Comments
cjhc77
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What about the h&s now forming?
GenesisGo
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@cjhc77, You mean the one I posted previously that dropped from 54K to 29k?
cjhc77
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@GenesisGo, yeah - what are your thoughts now we’re at the 0.618 line?
GenesisGo
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@cjhc77, Check my new post :)
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