First went long at $39.600, then bought some more at $41.180 (kinda nailed the retracement). Current average price is §40.390, so were in small profit at this point, around 3.3%. As long as we can stay above the diagonal support trendline oft he ascending triangle I am bullish on BTC. It looks to me as if we have gained supprt at the trendline together with the fibonacci golden pocket. As long as we can stay above the trendline I will continue to DCA into bitcoin and possibly some Altcoins.
If we brake the triangle to the upside I expect price targets at around $52.000 up to $56.000, that is also the prince range where I would start to sell my positions. This would also be de 0.618 retracement of the 1D downtrend from $69.000 to $32.000 and the 0.782 fibonacci speed fan. Remember though, I am a beginning analyst and I am never a 100% sure, but the way I understood the concept of Speed Fans according to John J. Murphy, the break of the second Speed Line ( 0,618 - 0,666 in my case ) would be a massive bullish sign since it indicates a confirmation of a trend reversal.
I wil keep this one updated since it it leading to me. I will use the data of this chart to determine whether it is a good time to buy some altcoins.
Feel free to give feedback!
Feel free to shill the next 100x to me!
PS: I still have room for 1 or 2 altcoins during booming season, so feel free to share some good projects. I will share 10% profit with you if it plays out.
If we brake the triangle to the upside I expect price targets at around $52.000 up to $56.000, that is also the prince range where I would start to sell my positions. This would also be de 0.618 retracement of the 1D downtrend from $69.000 to $32.000 and the 0.782 fibonacci speed fan. Remember though, I am a beginning analyst and I am never a 100% sure, but the way I understood the concept of Speed Fans according to John J. Murphy, the break of the second Speed Line ( 0,618 - 0,666 in my case ) would be a massive bullish sign since it indicates a confirmation of a trend reversal.
I wil keep this one updated since it it leading to me. I will use the data of this chart to determine whether it is a good time to buy some altcoins.
Feel free to give feedback!
Feel free to shill the next 100x to me!
PS: I still have room for 1 or 2 altcoins during booming season, so feel free to share some good projects. I will share 10% profit with you if it plays out.