jpbrown1023

BITCOIN - BTC Strength and Alt Weakness = Incoming Pump

Long
jpbrown1023 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
The weakness in the alt market after BTC's jump the other day makes me think BTC is priming itself for a final wave 5 pump to the top of the channel. I'm going to set a target price of ~$9300, but think we could hit resistance anywhere above $9,000. I think that will be a good area to exit if you are moving into USD. I will also have my buy orders ready for some exhausted alt selloffs ready to quickly rebound. If BTC takes off, be prepared for a strong alt selloff so make sure you're in BTC for the ride up.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.