At present there's two important lines on Bitcoin vs Us Dollar chart - both long term. There is no point a looking at 1H, 4H if you don't consider trend direction. IF this support line holds - we are building really explosive bullish pennant. Few months ago I said a lot of people will sell to early. I am actually surprised seeing Alessio Rastani (respect) saying on YouTube that he's out. Well - we all have different approach. I have 2 simple rules above all others rules I have. 1. Don't trust anyone, 2. Never sell below profit. You might find it primitive - but with appropriate position sizing and more importantly PATIENCE in trading Bitcoin - until now it always worked out for me. We are now touching THE LINE - all of the theories are based on it - All the Nike charts you ever seen are based on it. I think it's too strong to fail. If we go 1k below current levels - we will be able to say we started a LONG bear market with Bitcoin... and I'm out looking to long SPX. Trade safe guys and don't listen to me- I'm VERY MUCH OVER-EXPOSED to BTC atm.
Trade active:
Well - just curious how this will age - very few knew about recent developments...