I am posting this simple idea today to follow up my last btc idea from last year as promised. Chart is self explanatory.
This isnt a tomorrow outcome chart. I dont post often because I am usually busy trading stock, forex, or btc.
For reference on the full BTC idea, please read updates in the previous btc chart. Also, I will have a video done today to share some ideas about the market in general.
@CryptoDann long still. 8.8-9.1 supports holding pretty strong. I have sell orders at 10.5 and 11.4. We will see how it goes. I got into at 6.1, 7.4, 8.8 and 9.4 for this trade. Good luck.
AspiringPro
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@ChartsOnTime, Very nice, you made it as usual. Happy profit taking :)
Ecua_Trader
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@CryptoDann, Thanks. it was a nice trade for sure. Now the waiting game again.
AspiringPro
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Surprisingly the 8.8k high target was reached! Shall we see if it can keep going & surpass the 9.3-9.5k range to form a higher low? Particularly I am interested in your thoughts as to this strong relief rally - has it shaken your previous bearish forecast at all? Personally, I imagine that if we can form a higher low then that would signal a directional shift.
Thanks for your analysis as always!
Ecua_Trader
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@CryptoDann, Weekly still weak. If we shot up to 14k then the weekly would give some bullish. I was watching for the 8.8 after it held 7.4k I didnt buy btc but I bought the others smaller coins. just more profits. My long term view hasnt changed. I am not perma bear but the money floating around is just mind blowing. just look at the stock market. I have been trading stock and forex. I am buying and holding cryptos until I have a reason to sell. As of today, I dont see a reason. Daily chart looks strong.
AspiringPro
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@ChartsOnTime, Looks like we're nearing your prediction of <$1,000 - great work as always. Sell me your future ball?
Ecua_Trader
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@CryptoDann lol. I was taken by surprise again in the lower end. It’s ok with me. I don’t mind buying cheaper.
divinejohn
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@ChartsOnTime, Please if you have a telegram channel I will like to join