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Long
Updated

Hold btc

838
Keep holding btc after break out, see related idea.
Some supply should be in the 625-650 area, its were a bunch of early longs will break even. Anyway i think a lot of them already sold with the news of finex hack which caused panic.
After that 680-710 is possible.

Hashrated is rising as expected, mcaffee's mine has successfully launched.
Note
lines adjusted. conservative long entry should be breaking the teal trendline.

snapshot
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hashrate at new ath: 1,902,411,778 GH/s
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sry for doublepost.
The downtime of houbi exchange has lead to some uncertainty, if everthing is fine and with the the hashrate rising, we can break out of the falling wedge.
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Hashrate: 2,048,718,284 GH/s
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soundtrack for btc rally: youtube.com/watch?v=-hlN2nel5HI
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target1 hit
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Moving averages have crossed bullish into rallymode.

Problem is, it could be that this is only because the market expected an etf approval but that is delayed for now (thx Stolfi).

Anyway we must be aware that it could form a rally from here, ma10 on daily should be support in this case as in previous rallys.

snapshot
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both targets hit =)

time for a new chart... weekly is here
BTC
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For the sake of completeness: adjusted channel and fib level target hit.
retrace or break out up with increased momentum from here is not clear yet
snapshot
koryu
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koryu
Also on:

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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.