ABCDE - Boom or Doom for Bitcoin!!!
Aktualisiert
In my last post, I said "wait" - don't trade this until we have confirmation above 10,500. Did it come. Hell no! However I did say look for $8800 as support and a rebuy zone. So long as this holds, we will make our way back up to $9600. I just loaded up and plan to sell around $9500 or so. Should it putter... because it loves to putter, I will rebuy if and when it reaches above $10,500.
The chart here indicates a bearish ABCDE. I say bearish because thats all we know until the greater trend says different. Expect for Bitcoin to make its way back up to those 9k resistance zones and then make a decision on what it wants to do with its life. Should it break bullish, keep a steady hand till it's clear that a new uptrend has been established.
This is not finical advice, just my opinion on how I plan to handle my trading stack.
The chart here indicates a bearish ABCDE. I say bearish because thats all we know until the greater trend says different. Expect for Bitcoin to make its way back up to those 9k resistance zones and then make a decision on what it wants to do with its life. Should it break bullish, keep a steady hand till it's clear that a new uptrend has been established.
This is not finical advice, just my opinion on how I plan to handle my trading stack.
Kommentar
The bullish side is this could be an ascending triangle and breakout on D. Should it putter, you know what to do.Kommentar
With some twist and turns, my profit target has been reached. I laddered three exit positions the top most being 9650. The interwebs is a blaze with this call, I admit its pretty obvious. So let's see if the next two to make it.Kommentar
A nice break out on the D heading north. I am not getting too excited, going to wait until we have clear confirmation above $10500.
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