BTC price has been up ~7.5% since I entered my long. Currently, it is approaching its strongest resistance zone at $19.2k-$19.8k for the fifth time. This reminds me a lot about the time when BTC was trying to break $4k in 2019. At that time, BTC also struggled at $4k resistance for a while, but when it successfully conquered that level, it didn't look back. Since...
In the last two days, BTC has been moving in a favorable direction for my long. Short term, I could see BTC possibly turning around and retest the $18.2k-18.1k zone. Day traders can potentially enter a short here at $18.55k with a stop-loss above @18.647k (Coinbase). However, I personally won't take it, but instead just sit on my hand and chill, since scalping...
Bitcoin has been correcting and is currently at a so-called decent support zone. Specifically, it is in the proximity of double-Ichimoku's baseline and MA50 line. In my opinion, this is a good time to scale in for a swing long, targeting $21400 and $24600, which are the 1.618 and 2.618 levels of Fib-expansion. If the bullish trend is not over, the current market...