I am bullish on Bitcoin/USD and Litecoin/USD. IMO we will not visit 7000 or below on Bitcoin nor $105 or below on Litecoin. I believe this is the start of a bull run for June/July.
Here is why I think we will see a huge $1000+ candle soon... (similar to the one from $6700 to $8000+ back on April 12) Here is what many people may be thinking: Now... let's look back at ETH on April 12, the day Bitcoin went up ~~19%... Would you look at that ETH also went up about the same as Bitcoin that day. But sir, there weren't many shorts on...
I think dont see Bitcoin breaking 7200, I am long... Targets: 7700. 7800-7900, 8250... Short term
This makes me bullish on a short term reversal for BTCUSD as bitcoin falling to 6900 would only cause this to break down
Right shoulder has formed and has bounced again off trend line confirming support. As long as we can hold $8100s I will be long.
Currently long from $8200 and have added to my position at $8380. I am very bullish in the coming days, I think this monthly close will close green ($9270 area)
Mathematical bottom 7907.36. Price BTCUSD wicked to: 7929.53. Everyone is expecting a drop to the red line, so I think it won't happen and many will get caught in FOMO. I am BULLISH.
Will look for a rejection at 8800 to 9000 resistance area, if we break this we should break out the bigger formation IMO (posted below)
Closed my longs, opened a short $8225. Target 7750-7950.
Opened a long position at $8000, and covered all shorts. Tested a major support and has bounced, I will look for a bounce to $8400-$8600 area.
It appears that Bitcoin is following behind the stock market, we should be forming a higher low in the short run before breaking upwards. I have opened a SHORT position at $8375. Idea supplement to this trade:
Will be watching for a break upwards of resistance or test of support at bottom...