Bitcoin Bulls Are Not Quitting Here
Traders,
As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that they are in complete and total control. When the charts show me proof that I was wrong and new developments are in the making, I will quickly bow to the data. I know from experience that if I don't, I may lose valuable lost opportunities to profit more in the future if I don't.
More evidence of bull control comes in the way of the following technical developments:
As you may be aware, I have now exited my BTC short and pending further price action on Monday I may begin to re-enter BTC LONG.
Until that time, I will be scouting for laggard altcoins that may still have time to pop further in attempts to play catch up.
Apologies to TradingView people but I don't always have time to post all of my trades here.
Stew
As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that they are in complete and total control. When the charts show me proof that I was wrong and new developments are in the making, I will quickly bow to the data. I know from experience that if I don't, I may lose valuable lost opportunities to profit more in the future if I don't.
More evidence of bull control comes in the way of the following technical developments:
- Confirmation of a break above our TL
- Bull Flag formed above our TL
- New BLUE ascending TL spotted from 2022
- Target of my Inverse H&S meets BLUE TL Exactly!
As you may be aware, I have now exited my BTC short and pending further price action on Monday I may begin to re-enter BTC LONG.
Until that time, I will be scouting for laggard altcoins that may still have time to pop further in attempts to play catch up.
Apologies to TradingView people but I don't always have time to post all of my trades here.
Stew
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
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