mnights

mnights

Massive Head & Shoulders breakout - retesting

mnights

I see nothing irregular here, just a nice market correction..... I am placing a general as per my strategy rules with a tight stop loss at 29,274 In case I am wrong and the correction goes to the next target of 25,960. Fundamentals are telling me Biden is bad for bitcoin and gold, he will strengthen the dollar...As Donald Trump wanted a weak dollar.

mnights

BTC posted a lower low and then was quickly invalidated with a higher high, In consequence I will assume this bull run is not over yet, and we will continue to my target of 29K, My long is in as I trade from support with tight stop loss, however be aware trading rules state you should wait for break of higher high....

mnights

The fed did a great job, they pulled us out of the woods, however they did the same in 1929, the second leg down was an 89% retracement. Ray Dalio said every 75 years there is monetary system change, I think we have another leg down to go....

mnights

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