BitcoinLong
BTC USD = Headache
Hi All,
So we are now holding our breath forBTCUSD as we notice that it is now becoming really seductive. BTCUSD is now moving closer to me, slowly straddling her hands all over my body and whispering in my ear. Buy young man...Put in all your life savings even though you are unemployed. You will one day own a trading company worth trillions of dollars. Enough of the seduction. Below is my summary as of today. Noting that this is not financial advise. I'm just an amateur investor with amateur thoughts.
Summary
Trendline
We can now see thatBTCUSD has clearly breached the bearish trendline.
Candlesticks
Candlesticks are showing long bull wicks. Indicating a bull trend.
Elliot
It is now following a small Elliot impulse wave
Volume
It has regained decent volume
MACD
The MACD is showing bullish signs
RSI
The RSI indicator is neutral and not yet oversold
What I am doing
I bought in at 9.9K USD.
My stop loss is set at 9.3K USD.
I have a price target at around 12.4K USD.
Expect some resistance. If it falls below 10.5K I will reevaluate.
Young blood
So we are now holding our breath for
BTCUSD as we notice that it is now becoming really seductive. BTCUSD is now moving closer to me, slowly straddling her hands all over my body and whispering in my ear. Buy young man...Put in all your life savings even though you are unemployed. You will one day own a trading company worth trillions of dollars. Enough of the seduction. Below is my summary as of today. Noting that this is not financial advise. I'm just an amateur investor with amateur thoughts.Summary
Trendline
We can now see that
BTCUSD has clearly breached the bearish trendline.Candlesticks
Candlesticks are showing long bull wicks. Indicating a bull trend.
Elliot
It is now following a small Elliot impulse wave
Volume
It has regained decent volume
MACD
The MACD is showing bullish signs
RSI
The RSI indicator is neutral and not yet oversold
What I am doing
I bought in at 9.9K USD.
My stop loss is set at 9.3K USD.
I have a price target at around 12.4K USD.
Expect some resistance. If it falls below 10.5K I will reevaluate.
Young blood
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.