Trade going exactly as-predicted. First SL perfectly positioned. Now looking for a time to re-enter. Waiting on re-test of new 49k support. SL @44.5K / 23.6% Fib level. TP @58K / 50% Fib level. Long-term TP remains 69k.
To the moon!
Note
More detailed re-entry plan, according to new weekly bar reversal.
Predicting re-test and potential oversell below 49K, however the 1:1 gann fann level may act as a support. If not, expect previous trend line below 40K to act as support.
69K by April.
Trade closed: target reached
Closing main trade 1k early. Performance has been beautiful. 29,000 USD worth of movement in just a few weeks. What a trade.
Excited to see further movements up to 100k later this year. We may have to update the timeline - 100k by April??
Watch this space!
Note
3rd major retest incoming before potential sell-off of profits back down below 55k. Hard to predict what effects the April halving will have. Timeline: 4-6 weeks.
Re-enter below 60k and HODL till high 90s. Timeline: 12-30 weeks (maybe faster with improved adoption).
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.