thisismatt

Bitcoin to 14k? Determining the bears weakness by angles.

Long
thisismatt Updated   
BITFINEX:BTCUSD   Bitcoin
Hello and welcome to my new Bitcoin idea. This idea makes a lot of assumptions that haven't occurred yet. First off I am assuming that the weekly PSAR break on bitcoin is a foregone conclusion at this point. It looks good and we are so close, but it's not over until the fat bear sings at about 7500. Next we obviously have to break through 10k and that will cause a bounce down short term for sure but once we are free of that I see the next stopping point at around 14k based on angles. The idea is simple, the bear trend has lost momentum and I am using angles to determine exactly how much each time. The weekly is still gorgeous over the next few weeks and we have strong momentum on the daily. This looks good. Really good.

Good luck traders.

Matt,
Trade active:
Bitcoin was showing major signs of breaking upward into this trend very good sign now that we will reach near my target.
Trade closed manually:
bitcoin futures PSAR never broke. This trade is inactive until then. Short imo.

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