BitcoinLong
Bitcoin Next Stop 68K!
Traders,
In this video:
00:00 - Housekeeping. Thank you all for the polling responses. Greatly appreciated and helps determine site direction tremendously. Quite a few site changes have already been implemented. I will discuss these as well as added new features, services, and what my new indicator system is showing us.
00:08 - The weekly technical analysis and price trajectory for the next few weeks
In this video:
00:00 - Housekeeping. Thank you all for the polling responses. Greatly appreciated and helps determine site direction tremendously. Quite a few site changes have already been implemented. I will discuss these as well as added new features, services, and what my new indicator system is showing us.
00:08 - The weekly technical analysis and price trajectory for the next few weeks
Note
Bitcoin, which leads the crypto market, has dropped back down to the 200 DMA. This coincides with our small (bull flag) triangle top. Though my signal indicators are flipping RED, further downside movement shouldn’t be expected just yet. I am taking some profits to be safe. However, I am expecting this area of confluence to hold us for support for today. I still see us retesting the top side of our channel at 68k but this week may show us a lot of sideways movement before doing so. It could be a boring week if that 200 DMA holds us here. If it breaks, back to 60k we’ll go. Watch this key moving average today and the rest of this week!
Note
The new indicator combo is a clear RED now with plenty of confirmation. After taking half of my profit at around 64k, I set my stops on BTC set at just above break-even. I could hodl the rest of my position through but in sticking to my new trade strategy, I won't do that. Instead, I'll sell when my stops are triggered for slightly above break-even and then l will look to re-enter when my indicator combo triggers GREEN. I am expecting the signal to turn green again somewhere in that liquidity block just above that orange 350 DMA.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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