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Trade Alert - Take Profit BitcoinTook half off near 30k. Moved stops up to buy in avg of 26.4k to ensure profit. Now, a bit of TA. BTC broke above the descending Dec ‘21 TL. This was hugely bullish and I mentioned in my paid subs group that if this happened we’d retest that $30,500 resistance quickly. This we did and are doing now. The big question is will $30,500 be broken to the upside. If you are in that camp, then you can still expect a pullback before we do so. The green arrow is my projection of future price movement with bias to the upside of 30.5k. If you are not in the camp that this critical resistance will be broken soon, then this could be a double top pattern on the weekly which would take us back down to our gap fill at 20k on the CME futures chart. In either case, I don’t expect us to break straight through that $30,500 barrier above. But, in crypto, the unexpected often occurs. If we break through, I’ll need to see confirmation on the daily and that level being utilized for support before I look to re-enter and buy more BTC. Congrats on your trade here followers! Stew
INDEX:BTCUSD
by stewdamus
1
XRP is already back down into a good re-entry area!Traders, If you followed me on this trade, you'll know we entered around 36 cents, sold some at around 42 cents and the final 50% was unloaded at 49 cents for some great profit. I was now looking for re-entry at or around 42-44 cents. We have now already reached our re-entry area. The only event holding me back and causing me some hesitancy is this FED decision at 2 pm EST (1800 GMT). I may dip my toes in the water a bit before then but will not do anything heavy until after the FED announcement today. Mainly, I just wanted to keep you all in the loop here on XRP. Happy Trades! Stew
Long
by stewdamus