BTC 67k - 71k range reclaimed
Yay, we recovered. Very strong growth after the 3-month long triangle. I didn’t expect BTC to bottom at ~56k, pretty much the exact date and time I wrote the previous post. Whatever I bought at below 61k, I sold at 65k and didn’t re-buy the pullback. Not buying at current levels either, not until we stabilize above the 71k, or go way way down. The H&S idea from 01 May seems to be invalidated. Which is good I guess: hoping we’re not going to go this low ever.
Now we seem to be trading in a 67k to 71k range. It’s the 4th failed attempt at ~71k, and the 4th bounce off 61k this year. I guess 5th time is the charm. As always, no clue whether we go up or down, but we’ve been trading in a tight range for 3 months now, some volatility is to be expected at this point. However, I don't see any such setup just yet. Couldn't convince myself to sell BTC at around 70k, even though we were close to the top and didn't seem to have the fuel to break through. Should we break below 67k, it would be a safe bet to temporarily get out.
Now we seem to be trading in a 67k to 71k range. It’s the 4th failed attempt at ~71k, and the 4th bounce off 61k this year. I guess 5th time is the charm. As always, no clue whether we go up or down, but we’ve been trading in a tight range for 3 months now, some volatility is to be expected at this point. However, I don't see any such setup just yet. Couldn't convince myself to sell BTC at around 70k, even though we were close to the top and didn't seem to have the fuel to break through. Should we break below 67k, it would be a safe bet to temporarily get out.
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