Long

BTC Bounce Back-3/15/21--Part 6 LONG

Hello everyone, JT here for your crypto analysis.*(I am not a financial advisor do not buy/sell based on my analysis). Hey guys another update sooner than I would've liked. Looks like we didn't get that push similar to last month but instead we got stuck at the midway point on the deviation channel. This isn't the time to panic as we still have the bottom of the channel and the bottom of the second deviation channel and then the moving averages. If it went through all of those then I would panic a little lol but I would imagine it comes back down to the bottom of the first channel or the 20 EMA, finds support and then continues upward. I would recommend to hold and set your stop losses beneath any of the above mentioned supports based on how much risk you want to take. personally I'm holding through all of them. Hopefully in a day or two we bounce off of that first support which would be around 52k-53k. If we go thru expect it to go to 47k-48.5k. Remember this is not a time to be trying to predict the hourly and eroding your account, this is the time to hold and wait for that next major leg up and then take some profits. It's only a matter of time. Don't let the market take hold of your emotions and your positions. Best of luck. I'll give another update once BTC decides.

--Still long for swing trades out to a month. Anything shorter i'm neutral--

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Justin_Tx

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