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BTC Bitcoin Trying to Break Out Again
I stepped aside a couple weeks ago, even though I said the weekly charts still looked super bullish.
The weekly bullish action played out and the pullback was short-lived. If you were a long-term holder, you should've stayed long anyway.
The chart looks like it wants to make one more push up, so I like an entry here. On a 4-hour chart, we're back testing resistance and with technicals turning up, we might have momentum to push higher. I will sell on a break of the support of the black line I drew - so I risk 4% vs. who knows how much upside given how BTC can move.
The weekly bullish action played out and the pullback was short-lived. If you were a long-term holder, you should've stayed long anyway.
The chart looks like it wants to make one more push up, so I like an entry here. On a 4-hour chart, we're back testing resistance and with technicals turning up, we might have momentum to push higher. I will sell on a break of the support of the black line I drew - so I risk 4% vs. who knows how much upside given how BTC can move.
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