BitcoinEducation
BTCUSD 2hrs COINBASE : MAY BULLTRAP
Updated
Bitcoin / Dollar 2hrs GDAX chart is looking in to famous upcoming 2018 Spring/start of summer BULLTRAP.
MY PLAN and brainstorming at the same time is:
1. First of all always scale out at least a bit of your positions under the traders rule: SELL IN MAY AND WALK AWAY. Most of the times happen and this 2018 summer will be no different (my personal deadline is JULY 21st).
2. Though before that I still expect BTC stay above 8K hopefully. Dip down to 7.8K is still OK. But dip down to 7.2K and lower will be:
a) People would get scared remembering 6k and 6.5k dip;
b) or BTC would gain so much needed momentum upwards to break 10K voodoo zone.
3. My bet stays at this moment with b). I feel bullish until the end of May.
4. I hope Bulls wont be trapped in the zone and break vital 10K line soon. Targets 10.8K-14K before JULY 21st.
5. Take profits. Enjoy holidays.
6. Buy the dips over the summer. In 3K-5.7K zone if lucky
7. Watching it growing slowly in 2018 Autumn / 2019. Exploding again in 2020.
The bottom line is IT IS NOT FINANCIAL ADVICE.
Just 1 possible path of hundreds to choose.
And OFC: When facts change. I change my mind.
MY PLAN and brainstorming at the same time is:
1. First of all always scale out at least a bit of your positions under the traders rule: SELL IN MAY AND WALK AWAY. Most of the times happen and this 2018 summer will be no different (my personal deadline is JULY 21st).
2. Though before that I still expect BTC stay above 8K hopefully. Dip down to 7.8K is still OK. But dip down to 7.2K and lower will be:
a) People would get scared remembering 6k and 6.5k dip;
b) or BTC would gain so much needed momentum upwards to break 10K voodoo zone.
3. My bet stays at this moment with b). I feel bullish until the end of May.
4. I hope Bulls wont be trapped in the zone and break vital 10K line soon. Targets 10.8K-14K before JULY 21st.
5. Take profits. Enjoy holidays.
6. Buy the dips over the summer. In 3K-5.7K zone if lucky
7. Watching it growing slowly in 2018 Autumn / 2019. Exploding again in 2020.
The bottom line is IT IS NOT FINANCIAL ADVICE.
Just 1 possible path of hundreds to choose.
And OFC: When facts change. I change my mind.
Note
feels like leg down is incomingNote
korea is pumpingNote
few algo buys on stampNote
slow algo buys on bitstampNote
something interesting is about to happen. Volume dont lie. everNote
if we rally. Next stop 8700ishNote
if we dont rally we may come back to 8000-7400 area to recharge overheated RSI. And the bounce back for sureNote
Looks like BTCKRW BITHUMB is leading this party. Weird but LTCUSD broke out first too at 151 this momentNote
Tether has just granted 250,000,000 USDT omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL … - Fri May 18 18:25:14 2018PUMP IT!!!!!
Note
we might be ready to POP
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