BTC has been respecting channels and made this short term bull market very easy call. It seemed difficult at first but using 3rd grade charting with channels and trendlines you can almost call the upswings. If you look at my previous posts you can see the calls made at least 12 hours in advance. If its working I'm going to stick with it. I say our major up move will not be till the 14th but here we are at a decision point. It could retrace a bit but I do not think to even our last low.
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Asian session is going to be fun....I need sleep though
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If you paid attention to my posts you would have put your stop loss right below all that channel mess down there. I figured we would need a pull back before we shoot through 9000 but was optimistic about the upper most trendline we were following last night. Alas we will work from the lower. I have been saying we go up on the 14th....now its looking more likely. The volatility when the contracts expire is my only concern. I believe we will have opposite action than last months expiration and go up but thats not to say the big boys dont try to fake longs out with an initial small pull down below the previous low...which is where most longs will have there SL since it has been working pretty nice for us. My current SL is at 8379 and did we come close to that! I will take a look after work and post my next stop loss here after todays -4.08% action. Lets see what the future holds. As always make your own decisions and only take this as education not financial advise.
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Really need to break through that next trendline and Fib!
zoomed out for you.