When price closed above that very important purple line yesterday, that was a strong signal to go long.
That line represents the weekly close zone from January.
Unfortunately I was not able to jump into btc until just now, after it was already almost 40k.
I do believe it will head to 45k very quickly now.
That line represents the weekly close zone from January.
Unfortunately I was not able to jump into btc until just now, after it was already almost 40k.
I do believe it will head to 45k very quickly now.
Note
I shouldn't say that it will fly to 45k. A lot could happen still. It's just obvious that the upward pressure rn is strong. If we can get a 4-hr close above 41.1k, I'll feel relatively confident that we are going all the way to 45. Until then I'm still going to sweat my position, especially since I wasn't available at the daily close to get in at 38.1. Bummer.
Note
I forgot that the 41.8k zone of the 1-day 200 ema might provide stopping power as well, since it already did on two previous days. I'm thinking that will be my profit-taking zone and I will be more than happy w 5%. It really depends on how strong btc is when it gets there.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.