Bitcoin VLOG #50 - Breakout! but are we overbought yet??
BTC has formed a significant higher low, another significant break of the range 41k, and a significant break of the most recent high.
Damn good signals.
A longer time frame swing trade I believe is on the table, but there's a lot of risk being 12% from the recent higher low. Though you could structure your trade around breaking back below 41k to invalidate.
My TA is feeling really behind the 8 ball here so I'm not really taking longer time frame trades here.
But technically, I think this ticks a lot of good boxes for a long trade. Take profit maybe 47.5K? Or scale out 90% 45k to 50k.
MY ROUGH PREDICTION = It looks extremely bullish, weekly close is soon though. I think we could reach 45k.
Shoutout to todays trading view ideas =MMBTtrader, tntsunrise, VincePrince
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Descending channel update
2:45 = Very significant bullishness
3:45 = My failed short
9:15 = BTC 1 weekly
11:00 = Overbought yet?
12:30 = ROUGH PREDICTION
16:00 = MMBTtrader - nearing resistance
16:50 = tntsunrise - 4h buy signal
18:00 = VincePrince
19:30 = Closing words
19:30 = Closing words
Damn good signals.
A longer time frame swing trade I believe is on the table, but there's a lot of risk being 12% from the recent higher low. Though you could structure your trade around breaking back below 41k to invalidate.
My TA is feeling really behind the 8 ball here so I'm not really taking longer time frame trades here.
But technically, I think this ticks a lot of good boxes for a long trade. Take profit maybe 47.5K? Or scale out 90% 45k to 50k.
MY ROUGH PREDICTION = It looks extremely bullish, weekly close is soon though. I think we could reach 45k.
Shoutout to todays trading view ideas =MMBTtrader, tntsunrise, VincePrince
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Descending channel update
2:45 = Very significant bullishness
3:45 = My failed short
9:15 = BTC 1 weekly
11:00 = Overbought yet?
12:30 = ROUGH PREDICTION
16:00 = MMBTtrader - nearing resistance
16:50 = tntsunrise - 4h buy signal
18:00 = VincePrince
19:30 = Closing words
19:30 = Closing words
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