ready for boarding the rocket to ATH ?
The current price is not a bad entry, 18600 or 18500 since It has not fallen out of bollinger bands and probably wont even fall below the middle of the bands, so at most there can be a bit of retrace of this weekend to 18500 ... 18400 , 18300 a gift ...
Then on early Monday with insitutions resumimg interest in BTC then it will probably breakout to test 2018 ATH and probably going above it, remember we are past the halving and this time traditional finance is interested on bitcoin.
I would set some trainling stop for 50% of position once it reaches 19400 of about -2% and keep the rest in case it continues to Moon to about 21K ... 25K
Then expect a major sharp correction of about -30%
WARNING note those hude bitcoin dumps tipically happen very fast, you need to be prepared in advance with limit orders, as exchanges will probably freeze with too many requests, so set your orders in advance and harvest great entries for more parabolic upside
In case you dont have trailing stop orders available or struggle with high fees and slippage let me know, I can send referal links for some of the best exchanges and get fee discounts
Then on early Monday with insitutions resumimg interest in BTC then it will probably breakout to test 2018 ATH and probably going above it, remember we are past the halving and this time traditional finance is interested on bitcoin.
I would set some trainling stop for 50% of position once it reaches 19400 of about -2% and keep the rest in case it continues to Moon to about 21K ... 25K
Then expect a major sharp correction of about -30%
WARNING note those hude bitcoin dumps tipically happen very fast, you need to be prepared in advance with limit orders, as exchanges will probably freeze with too many requests, so set your orders in advance and harvest great entries for more parabolic upside
In case you dont have trailing stop orders available or struggle with high fees and slippage let me know, I can send referal links for some of the best exchanges and get fee discounts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.