There's not much to say here, but here's a breakout buying opportunity I'll always consider a risk-on approach. I'm 10x from here until the MAC-D or MRI weekly calls for a big drop. We'll see how it plays out in a few weeks.
First Possibility is we are already on the mean line. Second possibility is that we crack it and touch the lower one - Candle bodies only which right now is at 24-26k range. Either ways, this is more bullish than bearish and the last time we see these prices during this bull run. Be wise
Temporary reversal for a bigger leg up. Invalidated with a monthly candle close above $20,000
Not that I want to be a party pooper, but it may be time to watch the excitement. A new high will invalidate this rising wedge, so I'll be watching from the sideline for a while as it may be time to step aside for a moment That +30% ride was beautiful from the 10k re-entry.
Trading is business - not charity. Don't get blinded by the light.
Keep your cash and wait or short when you find an opening as cash is still king. Let it crash so you can buy cheap.
4k TP Target 1 hit, so what next? In theory, at this point, all roads seem to lead to 1,200 IMO to complete the wave seven (7) of the Hyperwave theory/pattern. Target 2 In view. (1,100 - 1,800 area) Target 3 = 600 - 800 area 😱 Yellow line = Trend line resistance retest. Blue dotted line = fair price Uptrend channel. Blue solid line = ALCM/DCA reaction...
Decision point - BTC's Pac-man ready to eat-up all your shorts with a vertical move. (90 degrees or breakdown for re-coil)
Here's you if you shorted or sold: www.youtube.com Ride that wave like a boss. Remember to always use a stop loss and manage your risks. This is a very risky and unregulated market - You may lose all your money (90% will lose money) - I, therefore, take no responsibility for your losses if and when it happens
Don't get caught with your pants down - when the whistle is blown, FOMO if you must.
I find this interesting about the traditional market - thought i'd share. From the looks of things based on Eliot wave pattern count, it does look like we are at the top of a 50 years market circle. There is only so long the market can defy gravity before things come crashing down. Looks BTC may indeed be the safe haven. At this time, we are stuck at 7,200...
Do we ignore the wallstreet cheatsheet now?