Potential Price Movements for $BTC (UPDATE) #11
In our previous update we saw some things that were hinting at a potential drop. We took some profits and were ready for either direction. Price decided to move upwards and we front ran our $48,000 retest and add-on mark by $180. It's still possible we come down and tap 
48K but as of now we've decided to not count pennys and just bought back 25% of our position at current market price. We are now consolidating on top of the previous range high. Since we originally planned to have our first take profit mark at 53k but have already taken 50% of our profits in our last update, we will be holding this position till $67,000 (our original TP2) will look to add another 25% once further PA plays out. Our average entry has moved up and SL placed below a previous D1 supply (Check chart).
Also for fresh longs, this current area wouldn't be a bad spot to enter imo, with a 5% SL placed below the previous range low and a target of
67K would make for a 7.5R trade. Not bad ;)
48K but as of now we've decided to not count pennys and just bought back 25% of our position at current market price. We are now consolidating on top of the previous range high. Since we originally planned to have our first take profit mark at 53k but have already taken 50% of our profits in our last update, we will be holding this position till $67,000 (our original TP2) will look to add another 25% once further PA plays out. Our average entry has moved up and SL placed below a previous D1 supply (Check chart).Also for fresh longs, this current area wouldn't be a bad spot to enter imo, with a 5% SL placed below the previous range low and a target of
67K would make for a 7.5R trade. Not bad ;)
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