Taking some profits on our long positions. Currently, Alts & BTC are moving together. If Bitcoin starts falling from our posted areas we can have another chance to buy into Ethereum for cheaper prices.
KGRN is an environmental ETF based in China. China is only at 31% capacity for renewable energy with huge room for improvement.
This ETF holds some of the top Chinese electric car companies. As we all know the Chinese market is the largest in the world and as their economy grows so will their push towards becoming more environmentally friendly. This ETF captures...
Bitcoin on bottom of support channel
Forming falling wedge
Target 50% to upper resistance channel
RSI Monthly / Weekly oversold
Bitcoin has the possibility to lead the way if we have another bullish run/hedge against another pullback
I am waiting for the falling wedge confirmation.
VET and many altcoins are printing a similar consolidation pattern akin to Bitcoin.
The smartest play is to wait for a confirmation break (candle closing) above or below resistance before you enter the position (Long or Short).
The targets to the upside and downside are posted on the chat.
I am NOT saying this will happen. We are looking at data from what the larger time frame chart is giving us. We look at history and compare that to now.
I want to show my followers the possibility. If you did not take profits during my last H&S call and DCA out during the run-up or you have more money in Crypto then you can afford to lose I want this to be a...
The BIG Bitcoin Trade:
Bitcoin has consolidated into a triangle formation.
Look for a confirmation break above or below the support /resistance of the triangle to enter a position and manage risk. Targets are on the chart.
Short-Term (Bull Biased)
Inverse H & S
Looking for a confirmed break above the D1 200ma for an entry position to ~43K
Medium-Term (Bear Biased)
D1 Closing under 200ma - Downtrend continues another leg down look for short entries when inverse H&S is broken
Fundamentals (Bullish - For now)
Increase in accumulating addresses