highoctanetrader

Strong bullish candle after elon musk shares his opinion...

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi Friends,

I Would like to share this idea with you guys.

I was watching B Word Conference Where Elon Musk, Jack Dorsey, Cathie Wood & Teve Lee were talking about bitcoin.


Elon Musk Says
- " Some of the teslas bank accounts in Europe are earning Negative Interest Rates... It's better to hold bitcoin"

Cathie Wood Says
- Bitcoin is disruptive Innovation & misunderstanding can give other people huge Investment opportunities.

Jack Dorsey Says
- What Inspires me the most is the community driving bitcoin - it reminds me of the early Internet.

After the official broadcast,
We're seeing a surge in confidence from the bulls,
they defended lower 29,000$ support with a bullish engulfing candle with strong volume.

getting us back upto 32,000$.

creating an opportunity to build a long position.

Just added 30% of my total position for this trade.

Waiting for the moving averages to cross over & a small pullback to add another 60%.


Targeting: to sell between 36,000$ to 38,000$ (Where we have a tough resistance atm).

Let me know what coins are you guys buying Into?

Thanks for reading the Idea - Have an amazing day!

Cheers 🥂✌

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.