BTCUSD 2hrs COINBASE : MAY BULLTRAPBitcoin / Dollar 2hrs GDAX chart is looking in to famous upcoming 2018 Spring/start of summer BULLTRAP.
MY PLAN and brainstorming at the same time is:
1. First of all always scale out at least a bit of your positions under the traders rule: SELL IN MAY AND WALK AWAY. Most of the times happen and this 2018 summer will be no different (my personal deadline is JULY 21st).
2. Though before that I still expect BTC stay above 8K hopefully. Dip down to 7.8K is still OK. But dip down to 7.2K and lower will be:
a) People would get scared remembering 6k and 6.5k dip;
b) or BTC would gain so much needed momentum upwards to break 10K voodoo zone.
3. My bet stays at this moment with b). I feel bullish until the end of May.
4. I hope Bulls wont be trapped in the zone and break vital 10K line soon. Targets 10.8K-14K before JULY 21st.
5. Take profits. Enjoy holidays.
6. Buy the dips over the summer. In 3K-5.7K zone if lucky
7. Watching it growing slowly in 2018 Autumn / 2019. Exploding again in 2020.
The bottom line is IT IS NOT FINANCIAL ADVICE.
Just 1 possible path of hundreds to choose.
And OFC: When facts change. I change my mind.
