With a reasonable ER and chart looking primed, I am continuing to build my long position in this area. Ive kept plenty of dry powder for a drop to the 29 region and will load heavy there. A stop below the lowest order block provides an excellent R:R for buying here. Maybe I'm being naive but seeing instituitons downgrade IQ seems like a contrarian indicator to me...
lookgin for xbt to retrace and test the green box before more longing happens.
HI! Bitcoin's price increase over the last week has experienced decreasing volume over. This shows me that is weak af. The bullish scenario is a shorter consolidation in the $6666 area, while bearish could see it drop to the 6090-6200 area. BYE
consolidating on top of 3 year support zone. fundamentals have changed from speculator to producer with potential cash flow positive occurring this year. bears tired, divergences occuring on multiple high timeframes.
Bulls getting tired. looking to pick up longs 25-30, but could be more bullish and have alerts at 36
Here we go down to 5k-6k for year. Going to trade stonks now. It was fun. Bye.
BUY 18 TARGET 1 - 23 TARGET 2 - 28 STOP 16