BitcoinLong
A look at Bitcoin's current chart in the very high timeframe
Updated
https://www.tradingview.com/x/RZgLJUPP/
So, I mentioned Bitcoin would get a pullback to around 100k one more time before it breaks much higher and heads to 120k. Let's see how that plays out.
There's no indication to me whatsoever that Bitcoin price is trying to push lower from these levels which is
a nice change. Giving buyers another opportunity because I don't think bitcoin will see 100k again after today.
Price is on a monthly timeframe here but Macd & my 2 preferred underneath price and cruising upwards on 5 minute timeframe as well.
So, I mentioned Bitcoin would get a pullback to around 100k one more time before it breaks much higher and heads to 120k. Let's see how that plays out.
There's no indication to me whatsoever that Bitcoin price is trying to push lower from these levels which is
a nice change. Giving buyers another opportunity because I don't think bitcoin will see 100k again after today.
Price is on a monthly timeframe here but Macd & my 2 preferred underneath price and cruising upwards on 5 minute timeframe as well.
Note
On the 15m timeframe price is moving along after the pullback.
Trade active
A good buy would be to try and get in under 102000. Stop at todays low. Or slighly aggressive 101,000Note
Trade closed: target reached
Might've been a stop out for some with a stop at 102,000.
Check todays frsh trade. This is the one guys.
Note
I know how much I hate stop-outs. The oil price I just had a hunch MM's Algorithms had my stop targeted yesterday & I have 3 long positions in gold and from memory 2 I closed recently with profits. No I certainly don't win every trade.all-time-high on Monday, price then needed to reset back down around 102,000
I digress as usual.
A lot of volatility in Bitcoin so far this week. Now as price moved up and reached all time high 109'000 on Monday, price then needed to reset back down at 101,000 and let me say as someone who trades momentum very directly I could feel bitcoin's price get drag down and I was getting a little worried.
Right now btcusd is getting a nice run via a 4hr macd rsi crossup. This momentum I am confident about 90% that price will retest Mondays ATH and breakout again without the drag we had yesterday.
Buy at current levels BTCUSD or any Crypto, we may not see price at these levels again. Liquidity pullbacks are still occurring and i think 103,000 might be the lowest trigger.
Note
Worth noting as well that the pullback from Monday yesterday was right on the 50% level..
The 15M chart would be a good one to trade from for bitcoin and its super bullish the 15m.
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