My trade for the day.

BTS looks ready for another big run. Target at ~630-650 Sats. We have broken down out of the channel, we could be heading straight down, double bottom and then reach our target or you could see this as a wedge and we head straight for our target zone or re-enter channel, bounce around a bit. If BTC tanks, we are going down. In the immediate short-term, I think BTC might test 11600 before deciding a direction. A lot of folks buying into BTC, weak hands might be shaken out in a swift wick down. I am holding on to my portfolio. Might convert 40% of it into USDC to buy the dip. Good luck folks.

Note

Looking at something like this to unfold over the next 4 days. Things can change at any moment with the volatility in BTC. We might even test 10500. It will be a wild ride this week for alts! Take any trades with due diligence and risk management.

Note

The above scenario was more likely if BTC was holding strong but I think BTC will be oscillating between 11400-1800 till Monday (could very well be Friday) when the Markets open and a decision to the downside or upside is confirmed. Personally leaning bullish given the sentiment. I have charted another idea to reflect the choppiness expected in BTC and price suppression from the '500' Sats mark. Either way, I have my sell order set. The wait begins..

Note

I have not exited my positions, expecting a trend reversal in 6-7 hours. Currently in a loss against my BTC holdings. Might have some fun and take trades in TRX in the meantime, it just popped today after a loooong time of baking.

Note

Just looked at TRX, we might shoot till 500 or even beyond, FOMO is high, traders trying to recover BTC positions after the dump today. Do not buy in right now. Will wait for a few days and evaluate a new setup.

Note

Put your seat belts on, 600 Sats here we come.

Note

I will be closing my position at ≤600 and re-entering when a new setup presents. Update as we go.

Note

Have your sell orders set. We could touch 650 Sats but I am closing at 600.
Secure profit >> Missing the sell order by a few pips.

Note

This baby has popped.

Note

Extremely bullish. Updated target at ≤700 Sats.

drjimbeam

Related publications

Might have room to grow. Keep an eye out.

by drjimbeam

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.