BTC-Long Term Bullish ; Short Term Consolidation Buy Opportunity
I am currently in this trade. I will continue to add to my position in the Buy Zone.
Chart Details
We are still consolidating into the tip of the wedge.
I still think the Buy Zone is lower into the $6100 area.
RSI trend is still in channel. Rebound off top RSI channel indicates short-term downtrend consolidation where I will look to buy if possible.
Current overall Daily trend is bullish. Next trend is bearish. I think we will get very low on Trend Dots before any bullish parabolic move.
Long term trendline (yellow) shows we should not go below $6k EVER.
Entry Options
I will buy anywhere under $7k with wishful orders scattered in the $6k range.
Outer Space chart mentioned
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short-term bullish GDX with options.
Chart Details
We are still consolidating into the tip of the wedge.
I still think the Buy Zone is lower into the $6100 area.
RSI trend is still in channel. Rebound off top RSI channel indicates short-term downtrend consolidation where I will look to buy if possible.
Current overall Daily trend is bullish. Next trend is bearish. I think we will get very low on Trend Dots before any bullish parabolic move.
Long term trendline (yellow) shows we should not go below $6k EVER.
Entry Options
I will buy anywhere under $7k with wishful orders scattered in the $6k range.
Outer Space chart mentioned
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short-term bullish GDX with options.