ridethepig

ridethepig | BTC Market Commentary 2020.11.21

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Lets start by measuring the enthusiasm, the radius of the attack by looking at the previous diagram and understand why $21,000 is key for unlocking the next chapter:



All is clear...Buyers have the control, there is very little to prevent the test of fresh all time highs, meaning we need to keep an eye on the impulsive extension target at $34,820; this game is very one sided. Not only should we still be holding our longs, dear reader, but laugh and continue to add more!

So, let us stick to the plan, manage the risk appropriately, watch-out for any Power Grid 'attacks' that can provide well-timed dips providing buying opportunities, we have more than enough ingredients in the pot!

Back to business as usual here with a fresh round of map updates coming over the next few sessions... Thanks as usual for keeping the feedback coming πŸ‘ or πŸ‘Ž...
Comment: Insane moves.. we are getting the break πŸ‘€
πŸ“Twitter: https://twitter.com/ridepigs

πŸ“Telegram: https://t.me/ridethepig

Comments

Excellent fundamental analysis yet again RTP!

Some further insight for Bitcoin using purely technical analysis ...

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same feeling

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