BTC pop lock and uppin!
Updated
Student of the game!
Todays Menu:
No EW
Less TA
More experience
Lots of accumulation phases. BTC is on the right path! I am a buyer now dollar cost averaging my way in. I do not, in any way, think that BTC is going to go up FOR SURE. I do think that this is the calm before the storm as the most likely scenario. If it drops, I wouldn't mind because it would bring my average down as I would buy at that level as well(do not think it would break HARD support at 8200) but if it does go that way look for a mother of all POPS UPPPPPPP shortly after therefore bullish. If it goes sideways within this triangle for a bit more then pops up which I think is most likely, I would go 90%(of my dedicated crypto amount) into it at around 10.4-10.7. Currently I am closer to 50% of the way in
The RSI has support at the low level it is currently at. Room to grow is there.
BTC does act like this....volume coming in phases and popping upwards then waiting and coming again before the media coverage comes in and the steady volume remains.
See it as this- Worst case: hold for another week or two to see gains if it drops. There is too much bullish sentiment to not grab up every drop now(goldman sachs futures, consensus 2018, exchange news, coinbase upping user capacity, history repeating, self fulfilling prophecies, place to make money while stocks dropping, etc etc)
I am wading in and eventually jumping.
What are your strategies peeps?!
LEAVE THE LIKE :)
HAPPY CINCO!
Todays Menu:
No EW
Less TA
More experience
Lots of accumulation phases. BTC is on the right path! I am a buyer now dollar cost averaging my way in. I do not, in any way, think that BTC is going to go up FOR SURE. I do think that this is the calm before the storm as the most likely scenario. If it drops, I wouldn't mind because it would bring my average down as I would buy at that level as well(do not think it would break HARD support at 8200) but if it does go that way look for a mother of all POPS UPPPPPPP shortly after therefore bullish. If it goes sideways within this triangle for a bit more then pops up which I think is most likely, I would go 90%(of my dedicated crypto amount) into it at around 10.4-10.7. Currently I am closer to 50% of the way in
The RSI has support at the low level it is currently at. Room to grow is there.
BTC does act like this....volume coming in phases and popping upwards then waiting and coming again before the media coverage comes in and the steady volume remains.
See it as this- Worst case: hold for another week or two to see gains if it drops. There is too much bullish sentiment to not grab up every drop now(goldman sachs futures, consensus 2018, exchange news, coinbase upping user capacity, history repeating, self fulfilling prophecies, place to make money while stocks dropping, etc etc)
I am wading in and eventually jumping.
What are your strategies peeps?!
LEAVE THE LIKE :)
HAPPY CINCO!
Note
The drop before the pop!Accumulating on this dip just as normal. In the uptrend and I believe the bulls will take over within the next 48 hrs. If they don't, I may change my sentiment depending on where we are at that point but gimme gimme gimme then up up up for now!
Note
Another sweet spot to average in!I'm going heavier this time with a belief that it won't be falling much more than one more small leg after this- hundreds seem less in face of thousands.
KEEEEEPINN UPPP THEE ACCCCUMULATTTTIONNNN
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