Bitcoin is a SCREAMING buy here. Technically, it's a beautiful dip to buy. 10.4k is first target. 12,000 is next. Can put a stop under 7.5k and re-evaluate, but I HIGHLY doubt that it will even come close. We may return to the daily 100sma around 8k...we may not. The recent breakout was impulsive....this is the perfect BTD opportunity. 9.5k will break like a twig and bring on a 10k test. There are plenty of short sellers to liquidate up there. No reason to think we can't continue higher. There are plenty of fundamental reasons to own crypto. Once again there are technicals to back it up.
Trade stängt manuellt:
Closed this one green. I wanted continuation beyond 9400 to stay long, and unless we get that soon, I'd prefer re-buying once again around 8.5k. I would NOT short here, but if you don't take profits in this market, you'll never make any $.