Hit the bottom of multi-year triangle. Bottom of the triangle has NEVER been broken. I don't expect it will be. If ever there was a buying opportunity, IT IS NOW!!! NOW!!! NOW!!!
Target shall be $9000 or top of the triangle, whichever comes first.
Happy trading!
Note
This is a multi-month trade. I didn't make that clear. My trade recommendations usually swing for weeks/months.
Note
In this case, I expect months but it could be weeks, maybe even days?
We are already well into the the green. $1000+ profit so far.
Congrats traders!
Note
+15% so far.
If you were buying in on the way down as I was (dollar cost avg in), then some of you may have purchased at around $4000. That's a quick profit of $1500 per coin while you were sleeping (if you live in the US).
Congrats! You wouldn't be wrong to sell a bit here and take some profits. You're never wrong to take some profit. Never.
Trade closed: target reached
Honestly, you know what acted as confirmation on this forecast for me? The fact that I only got 2 likes and lots of criticism. Anybody reading this, LET THIS BE A LESSON TO YOU - BUY THE FEAR. Always buy the fear.
...And now, don't be afraid to take some profits. Some of you are 50% up from my BUY call. TAKE PROFITS. You are never wrong to take some profits.
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.