Bitcoin Bulls Are Not Quitting Here
Traders,
As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that they are in complete and total control. When the charts show me proof that I was wrong and new developments are in the making, I will quickly bow to the data. I know from experience that if I don't, I may lose valuable lost opportunities to profit more in the future if I don't.
More evidence of bull control comes in the way of the following technical developments:
As you may be aware, I have now exited my BTC short and pending further price action on Monday I may begin to re-enter BTC LONG.
Until that time, I will be scouting for laggard altcoins that may still have time to pop further in attempts to play catch up.
Apologies to TradingView people but I don't always have time to post all of my trades here.
Stew
As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that they are in complete and total control. When the charts show me proof that I was wrong and new developments are in the making, I will quickly bow to the data. I know from experience that if I don't, I may lose valuable lost opportunities to profit more in the future if I don't.
More evidence of bull control comes in the way of the following technical developments:
- Confirmation of a break above our TL
- Bull Flag formed above our TL
- New BLUE ascending TL spotted from 2022
- Target of my Inverse H&S meets BLUE TL Exactly!
As you may be aware, I have now exited my BTC short and pending further price action on Monday I may begin to re-enter BTC LONG.
Until that time, I will be scouting for laggard altcoins that may still have time to pop further in attempts to play catch up.
Apologies to TradingView people but I don't always have time to post all of my trades here.
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
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.