Perfect profit taking position here shortly off an H&S pattern. Expect consolidation and buy dips. Profit taking would have netted you 5% premium off current prices, which is no small feat for any portfolio.
Its all about earning your edge in trading - don't scoff at 5% - selling at 100 DMA was a no brainer. Now its time to BTFD and see if it rips higher....
Neckline established on the last daily candle. Price squeezing in a close juncture here at an important fib-level.
What will be brilliant is if price breaks the blue trendline downwards and quickly reverses, trapping bears. The reason this might happen is that breaking the trendline on price will not necessarily break RSI trendline. RSI trendline established...
last week "moment of truth" RSI break out was nice and gave us easy 20% gains. The next test comes on the actual chart. Break above this resistance line and we could see some new highs for BTC. 100-300% from here is [ [ [ ]]] IF IT BREAKS OUT.
