Long

2020-09-19 - BTC Outlook

Updated

Anticipating another run up as we continue to push through resistance on the daily. I've bought in according to the Long positions shown here. I'm running no Stops since I haven't bought on margin.

Note

Every retracement down, I will strengthen my position.

Note

Price is pulling back to the higher timeframe up trend line. While deeper than I had hoped, this is a great spot to buy.

Something to note, these trades were not on margin, but easily could have been. With each small ran up, stops would have been placed in profit or at break even. For market execution with no margin, short sell limits could have been placed to squeeze some dollars out.

Note

BTC is holding my higher timeframe retracement down below $10500. This idea was based on bulls accelerating the move up. Will post a new idea in the coming days.

pipdrifter

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