🐂 Bitcoin Bulls in Control...🏋️‍♂️ but for how long 🤷

17 באוג׳ 2020

In the 11 year history of Bitcoin (since 2009) it has closed weekly candles above $12,000 for 6 weeks. The path of least resistance is down, unfortunately.

• On Balance Volume looks amazing, as it has surpassed its 2017 highs!
  
• Moving Average Convergence Divergence confirms a strong trend.
  
• But the price is king. Bulls need to prove they can close a weekly candle above $12,000...
  

🚨 I do have Buy Stop Orders somewhere above $12,000 just in case the bulls can push the price higher. I am NOT stupid enough to short this (even though I labeled this analysis as a Short.) 😅

17 באוג׳ 2020

עסקה פעילה

Looks like my Buy Stop Orders got filled, I think this can go to $13,000 to $14,000 range, which is the cost of mining Bitcoin. I'll just keep trailing my Stop Losses a few percentages behind the price.

17 באוג׳ 2020

העסקה בוטלה באופן ידני

I just went long into Litecoin instead!