Rally to 7800 has begun

29 במאי 2018

Today BTC has finally bounced and started its rally towards 7800 support/resistance line. What should we do??? Stay calm! Bitcoin is still moving within descending channel. That ain't trend reversal yet although it may become one as resistance at 7100 was the last one before huge fall which makes this bounce very important. Bitcoin managed to stregthen its fundament and this is good. You may noticed how all alts went up within several hours time. Thats because the market feels the reversal is near. When trading alts be carefull and always use tight stop-lost orders. BTC may fall any minute (as always) and will drawn everyone after. Our main target is to squeeze maximum of this opportunity and get away both with bitcoins and profits. Good luck with your trades!

Oh, and I love the day chart. It gives me the same optimism as on 5th of February and 5th of April. The bullish optimism =) Please support it and together we will reach the moon ;)

29 במאי 2018

הערה

Although diagonal trendlines not as important as SR its always nice to see such coinsidence as price jumping around line that connects spots divided by ~9 months =)

1 ביוני 2018

הערה

Don't want to be bearish but it looks like BTC didn't get enough momentum to push it over the descending parrallel channel. Lets hope I mistake because moving back to 7100 resistance will once again kill the alts trades.

4 ביוני 2018

הערה

So we did it - got above descending parrallel channel borders. It is very good although now bitcoin is falling from ~7700 to ~7500 but it is ok. The beginning is done. Hopefully this month will be a good uptrend run.