Just like that my last idea called for a solid weekly close would lead to more upside and we got a massive push all the way to 8k.
I saw some calls that were accurate after we turned down. But was I the only one on this site that actually had a structure in place for the last downturn to make money before it happened? I outlined my strategy back in NOVEMBER detailing exactly what i was going to weather a potential downturn. I detailed my entry down at $3,300 and detailed the area I outlined was a hodl zone.
Maybe I need to post some rockets on my chart and that will get me more attention. and some big bitcoin "B's" to draw more attention to myself.
While you all get caught up in the hype of people's ideas, I am going to buy some lambo's.
Stop moved to just under $7,000. We are fully in profit. We booked 50% of profits at 6,400 area and the rest we are targetting 10k. This weekly chart is still very bullish. MACD is turning positive, solid weekly close. We will continue to push higher. What I would expect to happen as we get into this BTC 8k-10k range is people to start shifting profits from BTC into smaller alts and major alts which will cause them to rally more than BTC and BTC dominance drops. This could also result in a slow climb from the 8k area to the 10k area.
Happy Trading and hodling folks. It's not about how much you make when trading it's about how much you don't lose.
-Sherem