Bounced nicely of the trendline twice. Trend is up
beautiful, simply beautiful. Im going long until we can go no further.
I expect a breakout in the next few hours
$BTT appears to have found a new support level
"one line to rule them all". Credit for that statement is due to another. Dont want to break house rules so i wont say it here.
This what i think will occur. We will see soon enough.
As you can clearly see $BTT has been consistently trending up and IMO it will continue. I expect it to retrace to the TL (trend line). Also notice the TL intersects with the support line. The previous two tops (peaks/highs) already closed above the previous ATH making a new ATH (all time high) so i see no need to wait until it breaks to a even higher high. I will...
Always look to the big picture. You cant make a decision to go long based off of a short term chart. Another words don't go long without first understanding the big picture and vice versa. Looks to me like there will be a new ATH (all time high) in the near future.
First things first, this is not financial advise but my personal opinions. There are a few key things to notice on this chart. First and foremost the TL (trend line). You can see a clear bounce off it two times. Once resistance was reached the the price was rejected and retraced back to the TL only to bounce again. You can see where i entered the trade and where i...