It's been a great week for bitcoin. We have made new highs, and makes for an optimistic year end.
I believe this move is over and will retrace over the next few weeks, with an opportunity to short and pick up more coins in the high 400s.
I can see price knocking around in the 450 area for another week before the next move.
Made some arrows for fun, as a prediction, but not too attached to them.
Price could break either way so I will keep my position light while I look to catch the peaks and valleys intraday.
Still looking to hold for a long and a ...
Haven't made a chart in far too long.
Did well on last move to 450 trading passively, but could have done much better with a chart.
Looking to trade more actively get back into it to maximize gains.
A few cans clinking around in my head, but this is my first idea back on the charts.
More to come.
I re-accumulated coins this past weekend which I unloaded into the mid-November spike per my last chart. Just Sold 1 coin into this small spike @ 387 and will buy it back and maybe more if we dip below 360 again.
I went a little sell happy on this spike and sold more coins than I would have liked so my wallet is feeling a bit lighter than I like... although, It's never a bad Idea to sell into large spikes. I'd love to see low 300s again, but I am happy enough to settle for some buys at ~380 and ~340 in the coming weeks.
I buy a few coins every couple weeks to accumulate to a long-term buy and hold position. Instead of just hitting the buy button I set up limit orders at potential bottoms. This typically saves me $10-20 regardless of direction. My next buy will be in 300-340 area
Still favoring the short side. Price slowly passing through possible support zones, but mostly sideways which makes me hesitant to open any positions as all this consolidation could give way to some volatility to either side soon. Make sure you have tight stop losses and trade carefully.