Bitcoin has been a great breakout trade back in mid December and now I am watching to determine the levels to take profits at least partially. Eventually it will have a pull back and like in times past, that pull back might be hard and fast. Todays low is a good pivot area to watch. Any close below todays low would be a good time to take some profits (at least 25%). The weekly low- 27734 and low of the most recent range (rectangle), would be the line in the sand for taking full profits. Anywhere above 27734 and the overall bull trend is still intact. Although the recent price action and overall crypto engagement seems a bit bubbly, I am going to stay the course until price and rate of change say otherwise.
Stay Curious
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Stay Curious
Related publications
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.