Hey folks, just a quick update because I had a request for one. I'm at work and have a small amount of time!
BTC had a good run again up to the 4k level. The RSI is running into resistant at the 41 level and the stoch is bearish on the weekly. The price action that dictates my strategy is telling me that this run is over for a couple weeks and will resume shortly in the future.
Some folks are asking if BTC has a bottom in; my answer is that I don't know. I don't have anything against BTC going lower than it has already gone a few weeks ago because I would be able to buy more on the cheap and reap even more profits down the road to 300k which is a future target I have my eyes set on.
On the chart above you can see a circled area that is where I floated out a few weeks ago that it was a Buy signal. If you jumped in on that; you made some money and are probably happy right now. My next advice would be pull some profit aside and wait for a retest of the 200 weekly (Red Line)
Batdad out!
BTC had a good run again up to the 4k level. The RSI is running into resistant at the 41 level and the stoch is bearish on the weekly. The price action that dictates my strategy is telling me that this run is over for a couple weeks and will resume shortly in the future.
Some folks are asking if BTC has a bottom in; my answer is that I don't know. I don't have anything against BTC going lower than it has already gone a few weeks ago because I would be able to buy more on the cheap and reap even more profits down the road to 300k which is a future target I have my eyes set on.
On the chart above you can see a circled area that is where I floated out a few weeks ago that it was a Buy signal. If you jumped in on that; you made some money and are probably happy right now. My next advice would be pull some profit aside and wait for a retest of the 200 weekly (Red Line)
Batdad out!
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Down we go!
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Apparently we get more of a pump than originally thought. Watch it! It will come down quickly when it does. Personally I got out at the 4030 level...
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Soon Lol
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My short got vaporized.....lol
