BitcoinLong
BITCOIN - The Desperate Push to 26k
Updated
Bitcoin has broken the trend line on every time frame up to the Weekly. Need to stay north 22k through Monday to close the weekly above trend and buy time.
Next task on the list is to avoid the weekly death cross. Hence the desperate push to 26k. There is a load of support at this level with both the 50 and 200 ma present.
We've tested support on the trend line and will have a new high if we hold above 23.5k
IF that happens, next resistance is 26k where we will attempt to break the Weekly ma's and result in a very bullish Golden Cross on the Daily.
IF all of that happens then we will have officially reversed in my eyes.
One main reason I am bullish and have continued to buy up crypto since 16k is that we officially have a Green Monthly Heikin-ashi. If this closes green which I expect it to do, I will be very bullish. This is a very bullish sign and the first green monthly HA since November of 2021.
If you are following my
SPY trade, this is also a great hedge.
Next task on the list is to avoid the weekly death cross. Hence the desperate push to 26k. There is a load of support at this level with both the 50 and 200 ma present.
We've tested support on the trend line and will have a new high if we hold above 23.5k
IF that happens, next resistance is 26k where we will attempt to break the Weekly ma's and result in a very bullish Golden Cross on the Daily.
IF all of that happens then we will have officially reversed in my eyes.
One main reason I am bullish and have continued to buy up crypto since 16k is that we officially have a Green Monthly Heikin-ashi. If this closes green which I expect it to do, I will be very bullish. This is a very bullish sign and the first green monthly HA since November of 2021.
If you are following my
SPY trade, this is also a great hedge. Trade active
Crypto PortfolioBitcoin: 50%
Ethereum: 25%
Solana: 15%
Litecoin: 10%
Trade active
Closed: SolanaClosed: Litecoin
Moving SPY and Closed Capital to Ethereum. Target $1650 today.
Note
Note
We are at a very interesting crossroads, holding. $1650 eth target hit, Bitcoin looking to push over 25k.Note
Note
Daily golden cross to help us avoid the death cross on the weekly.Note
Holding, death cross turning.
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