BTC short term up, but where next?

2019年2月20日

BTC is still in the (approximately) $3,000-4,500 support/resistance zone i identified before it entered it in November...

a break up and out of 4.5k should take us to the 200d MA which is at around $5,200

that said, not convinced we break out of the box, but if we do, immediately re-evaluate as we approach 5k

There's really not a lot of price history in these areas, so both supports and resistances are pretty week.

i know some people want conclusive "bitcoin is going to X on x-date" type of TA, but fwiw, that's much easier on LTF than HTF, and also most people that pass that type of TA are wrong like 90% of the time anyway

just calling it as i see it

i'm net long right now on BTC and still riding half my position in ETH, a third of my LTC position

im also 90% sure this isn't the bull run CT is looking for, but is a a bulltrap/ gearing up for a bearish retest of 200d MA zone

gl, hf and gfy

2019年2月25日

註釋

update: a few days in, this was not the bull run CT was looking for

<Obi-wan Kenobi hand wave>

2019年4月2日

註釋

#feelsgoodman