Bitcoin
Updated

BTCUSD - April to May Gameplan - Respect support and resistance

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Dear Traders,

Here's my gameplan. I'd like to test to my TA against this newly formed trend.

I'd use this also to take profits on my alts instead of analysing them separately. Once BTC hits the main resistance. Sell it.
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Half sold at 8.1 other half to be sold 8.3. the most it can probably go to is 8.4 and then get rejected. lets be careful out there.
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Yeah lets forget 8.4. the target seemed a bit high. even the sligtest 100 off can spell disaster. take the rest at 8 and wait.
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Updated chart with fib levels. 7480 is a possible re-entry. TP around 8.2 there. I won't set buy orders just yet until we get close and look for any heavy bull divs. There's that potential that the 1000 runup would sell and crash the fib level.

snapshot
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If we do reach wave 5. that's a really safe time to short. I'd short it. I could still be wrong about exiting at 8 but let's wait for the impulses to complete before making any decisions.
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Wow turns out my original idea to 8.4 came true. back to original plan then. or until something else happens
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Set buys between 7600 to 7550 now. There is enough insulation from bears with the high buyers before we catch the dip.

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