Bull market is here. looks like an ABC correction with capitulation in late December down to $8.00. relaimed major support at $12. Fib extention puts the 1.618 at $30 the 2.618 at 45.
I will be taking some profit at 30 and the rest at 45.
Volume looks strong, not much overhead resistance, and then we'll be in price discovery.
Bitcoin consolidating into a bullish pennant. Percentage off memory is like 59% chance of continuing outside of a breakout going bullish. As I'm typing this it pumped from 27k through and up to 27.15k.
Volume looks strong. Using the variance of the pennant to determine the 30.2k price target. Stop loss is being cut very tight based on the breakout bull candle...
Lots of sell off in recent months but sitting on a heavy support. High reward low risk in terms of exposure. Need to see a little more live on the chart but will be moving funds slowly into this for a 2x + potential.
A lot of rebound based purely on speculation while were all still locked inside and not spending money. Rebalanced my 401k this morning to minimize exposure. Think this is heading back sub 20k here soon.
Alright I was wrong the other day on my short at 9100. Cant update the page but I closed out at entry and broke even.
We are now sitting on a huuge resistance at 9400. Some signs of bearish reversal. Bear-Div on RSI and MACD. Bearish engulfing with loss of support and current test to reclaim.
Lucrative S/R. I have .5 retracement as TP at the moment based on...