Bitcoin: What is going up will keep going up

Bitcoin: What is going up will keep going up

Recently Bitcoin renewed the historic maxim by activating a high wedge break pattern, we must pay close attention to the new resistance points, we have strong fibo numbers and the top of the channel ahead.

I am particularly 100% bought and should sell part of my bitcoins if there are any signs at these important points of fibo or top of the channel.

Comment:

I sold 1/3 of my balance in Bitcoin in the region of 54,100, right at the close of the candle.

I noticed that after touching the top of the weekly bullish channel, we had a strong bearish movement, rejected by ema9 of h4.

Most likely we will see more declines in the next few days, I will buy back with a sign of a resumption of high or renewal of the top.

Comment:

I bought back the bitcoins now in the region of 51,070. These bitcoins had previously sold in the region of 54,100 with the intention of protecting capital.

The reason for the purchase was the good closing of today's daily candle that is about to close in the next 15 minutes. This operation has a good stop loss output in the region of 46,000.

We also have the SPX500 opening today and reacting well after news of the Senate approval of Biden's nearly $ 2 trillion package.

Comment:

Bitcoin has reached $ 60,000, we are still in the top channel region of the weekly period.
We have fibo resistance levels at 62.3k, 67.6k and 74.2k.
I remain bull and follow 100% bought waiting for a signal for sale.

Comment:

This Sunday we had a good candlestick close to continue bullish, we closed the weekly and daily candlestick above the previous high in the 59k region.