Given the global uncertainty right now, it is entirely possible that these indications will not translate into Bitcoin's structure. However, I felt it should be noted that Bitcoin's daily momentum appears to be developing strength.
The derivative oscillator in the bottom pane indicates a shift in momentum. A shift right here in momentum would allow the relative strength to maintain support above Bearish control.
In my opinion, things look primed to launch. And Macro targets stretch beyond $100k.
Here are two potential trade setups - the first being more liberal with the stop loss, the second for those who like a tight stop.
I say long your longs until we see a $100,000 Bitcoin. Happy trading.
The derivative oscillator in the bottom pane indicates a shift in momentum. A shift right here in momentum would allow the relative strength to maintain support above Bearish control.
In my opinion, things look primed to launch. And Macro targets stretch beyond $100k.
Here are two potential trade setups - the first being more liberal with the stop loss, the second for those who like a tight stop.
I say long your longs until we see a $100,000 Bitcoin. Happy trading.
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