Coming in with a stop loss that is much higher than i'm normally comfortable with, but the reward is so high! Ideally i'm just going to keep adding to the position that I acquired at $8,440. Let's see what happens!
I like it. do you believe it has what it takes to return to ATH or near?
RighteousTA
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@kenneths, Definitely between $25,000 and $42,000 in time.
kenneths
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@RighteousTA awesome, the month rsi, for btc, is extremely over bought, fear and greed index maxing out. based on btc monthly rsi a correction has to come. There is no more room on the rsi to continue upward, sideways yes but cannot go up... price can go up but on the rsi, it cannot. monthly RSI on btc is starting to down turn... if btc falls the whole market will correct and YFI will be cheaper❤️
RighteousTA
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@kenneths, Totally agree! Plus, it'd only make sense for BTC to test support after making all time highs. The real question is will the market rally after BTC cools off and finds support. I personally believe the momentum will continue after support is found wherever that may be. For us traders though, it's all about low risk high reward.
kenneths
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amen my friend. thank you for the analysis, and communication🔥🔥🔥💪
do you believe it has what it takes to return to ATH or near?