Bitcoin Moon Ship Temporary Diversion - Returning to launch pad.
"Ladies and Gentlemen, somebody on board forgot to pack their moon boots. We've been asked to return to the launch pad to retrieve them. Your continued patience is appreciated. Please extinguish all smoking materials and return your tray tables to the stowed positions for reentry. Thank you"
If you read my weekly update you already know I am calling for lower prices based various factors. In addition the daily MACD, RSI, STOCHs, etc. need to come off over sold to add additional fuel to the next rally. Hopefully this chart is self explanatory. I believe we may grind our way down to close the CME Gap, test the 20 Week MA, and use the old launch pad for our next leg up into outer space.
If all this is true, it may be our last opportunity to add to our BTC payload at these prices. Obviously there will be good long and short opportunities along the way but my game is more to wait for the next turn before getting involved again on the long side. When we touch down and all the indicators turn North again, that is when I will be looking to add to my long term long position.
Good luck!
P.S. The top of that orange triangle and the orange line are supposed to be level with one another. Something happened when I saved the chart. The orange line is the top of the triangle I am watching. I think anywhere down past the CME GAP line is a good place to start getting long again. Just my opinion of course.
If you read my weekly update you already know I am calling for lower prices based various factors. In addition the daily MACD, RSI, STOCHs, etc. need to come off over sold to add additional fuel to the next rally. Hopefully this chart is self explanatory. I believe we may grind our way down to close the CME Gap, test the 20 Week MA, and use the old launch pad for our next leg up into outer space.
If all this is true, it may be our last opportunity to add to our BTC payload at these prices. Obviously there will be good long and short opportunities along the way but my game is more to wait for the next turn before getting involved again on the long side. When we touch down and all the indicators turn North again, that is when I will be looking to add to my long term long position.
Good luck!
P.S. The top of that orange triangle and the orange line are supposed to be level with one another. Something happened when I saved the chart. The orange line is the top of the triangle I am watching. I think anywhere down past the CME GAP line is a good place to start getting long again. Just my opinion of course.
