Wow, just wow!
We have literally slashed all the important resistances i mentioned in my previous post.
Except ONE.
One last beast is still waiting to be left behind at 54.200. Although we have crossed it with momentum, it's the most dangerous one that has sent us 25% down. It should not be lost at all costs.
Bad news is, we have also reached almost at the top of our upward trend channel as well. I see max 60k can be achieved with one last pump in the short term. That's only 6k or 11% from our current level.
In the mean time price action was like pumps and sideways in between, not suitable for TOTT which was giving false signals. So, i switched to the best option for sideways markets.
Tha gird bot.
Range between 47k - 60k, it buys & sells every 0.5% move. So, by the time (if) Bitcoin reaches 60k, i would have sold all my Bitcoin and ready to buy back at lower prices. So i don't need to worry about the price direction.
Finally, 60k would be my ultimate short target, while i'm slowly selling on the way and taking my profits.
This makes sense when you think about psychologic levels at every 10k. 30-40, 40-50 and 50-60.
We have crossed 50k too fast and everyone FOMO'ing in right now, should take profit early and exit, because this is designed to take your money. When you see Bitcoin as trending topic on Twitter, it's time to move towards the exit.
But hey, what do i know :)))
Trade safe!
We have literally slashed all the important resistances i mentioned in my previous post.
Except ONE.
One last beast is still waiting to be left behind at 54.200. Although we have crossed it with momentum, it's the most dangerous one that has sent us 25% down. It should not be lost at all costs.
Bad news is, we have also reached almost at the top of our upward trend channel as well. I see max 60k can be achieved with one last pump in the short term. That's only 6k or 11% from our current level.
In the mean time price action was like pumps and sideways in between, not suitable for TOTT which was giving false signals. So, i switched to the best option for sideways markets.
Tha gird bot.
Range between 47k - 60k, it buys & sells every 0.5% move. So, by the time (if) Bitcoin reaches 60k, i would have sold all my Bitcoin and ready to buy back at lower prices. So i don't need to worry about the price direction.
Finally, 60k would be my ultimate short target, while i'm slowly selling on the way and taking my profits.
This makes sense when you think about psychologic levels at every 10k. 30-40, 40-50 and 50-60.
We have crossed 50k too fast and everyone FOMO'ing in right now, should take profit early and exit, because this is designed to take your money. When you see Bitcoin as trending topic on Twitter, it's time to move towards the exit.
But hey, what do i know :)))
Trade safe!
