A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.
Coming back to the chart:
If you intend to trade like a boss try to look for the long picture.
In this chart you can simply see how we have been trading under this big for weeks since we achieved the $13880 mark. BTC broke out of the channel successfully, I shared about this target long back in dec when the price was moving around $6400 mark. Those targets have been achieved already.
Right now if you look at the 4 hour charts and 60 minutes chart to find out the long term targets trust you’re gonna get rekt soon.
Stop trying to trade every dollar move. See the long picture and trade the trend.
In this chart 200 MA which was once a resistance is now acting as a strong support.
Most importantly, is showing signs, The last time we had this crossover in weekly was around $3115. The halving is on 12th May, I believe as per my charts, BTC will hit the 10k mark soon and the another rally to the 13k mark before the halving. No bias just what the chart says.
My plan is to hold BTC and look for time to exit the market and cash out at the right time. Now is not the time, we’re just getting started. Do not panic for the small pullbacks. They’re needed for further growth in price action.
Please leave a like if you liked my idea. It helps me to make more contents for you all. Also share your ideas and opinions.
If this setup gets invalided I’ll let you know beforehand.
Thanks a lot