We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit.
Here is my Game Plan: - Bitcoin needs to push into box between 28500 and 29500 - We need to see some price consolidation - No big spikes above 30k (otherwise idea is rejected) - Drop right onto 28500 - Further consolidation needed - Once we break below 28500, trade is activated and I will be looking to short - Short when Bitcoin breaks 28300 clearly
Hope this helps, but make sure to watch the video to understand the idea.
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Looks like BTC is moving higher, if you long, make sure to have an eye on your position. Stops mean nothing in volatile moves, stay safe.
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Idea still valid, might be adding an additional short scenario tonight.
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We are moving, lets see if we get that break of the box.
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Trade idea activated as soon as we get a touch of my box
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Bitcoin goes higher, we are getting close, let see how the market reacts
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Open of US markets could bring some volatility, might see some momentum coming in the markets