Cha-Ching! It's Profit-Takin' Time, Folks! Let's Have Some Fun!
Updated
Ladies and gents, we're back with another riveting episode of the Bitcoin Show! Just 12 hours ago, we had a successful trade, and now it's time to strut down Profit Street. 🚶♂️💰
Here's the dealio: I'm callin' to cash in those sweet gains and be fully out of our trading position between $27,800 & $29,200. Why? Because we're sittin' pretty at over $26,500, and we've gone up a whopping 38% in just 7 days since bouncing off the 20-week EMA & 200-day MA as double support on March 10-11. Remember that fabulous bounce at $19,700? Did you buy, dear anon? 📈
Now, you may have heard of our pals, Bullish Tone Vays and Gareth Soloway. Tone's 100% in, while Gareth's pointin' at the ascending parallel channel's top like it's the final boss. So, what's the game plan? Maybe take some profits and short on confirmation? 🤔
Hold your horses! I'd never short Bitcoin while it's partying like a rockstar, but if I've been all in for the past 6-9 months (spoiler: I have been), it might not be a bad idea to start holdin' some cash, buyin' dips, or checkin' out Bitcoin proxies for more beta delta moves. 🎢
But let's put this into context, folks. Banks around the world are failing, and the Fed's clownery 🤡 is to blame. This is where our beloved #Bitcoin comes in to save the day! Its decentralized nature, capped supply, and censorship resistance make it the perfect hedge against the fragility of traditional banking and monetary systems.
As the Fed's balance sheet grows like Pinocchio's nose 🤥, #BTC's fixed issuance rate counters inflation, protecting the wealth of future generations like a financial superhero. 💪 As James Lavish wisely said, "It is becoming abundantly clear that the average person who truly understands #Bitcoin has a far greater grasp on macro-economics and money than even the smartest economists at the Fed."
So, friends, let's celebrate our Bitcoin blessings and remember: "Stay humble, Stack Sats." - Odell 🙏
Happy trading, and don't forget to manage your risk, chaps! 😎
Here's the dealio: I'm callin' to cash in those sweet gains and be fully out of our trading position between $27,800 & $29,200. Why? Because we're sittin' pretty at over $26,500, and we've gone up a whopping 38% in just 7 days since bouncing off the 20-week EMA & 200-day MA as double support on March 10-11. Remember that fabulous bounce at $19,700? Did you buy, dear anon? 📈
Now, you may have heard of our pals, Bullish Tone Vays and Gareth Soloway. Tone's 100% in, while Gareth's pointin' at the ascending parallel channel's top like it's the final boss. So, what's the game plan? Maybe take some profits and short on confirmation? 🤔
Hold your horses! I'd never short Bitcoin while it's partying like a rockstar, but if I've been all in for the past 6-9 months (spoiler: I have been), it might not be a bad idea to start holdin' some cash, buyin' dips, or checkin' out Bitcoin proxies for more beta delta moves. 🎢
But let's put this into context, folks. Banks around the world are failing, and the Fed's clownery 🤡 is to blame. This is where our beloved #Bitcoin comes in to save the day! Its decentralized nature, capped supply, and censorship resistance make it the perfect hedge against the fragility of traditional banking and monetary systems.
As the Fed's balance sheet grows like Pinocchio's nose 🤥, #BTC's fixed issuance rate counters inflation, protecting the wealth of future generations like a financial superhero. 💪 As James Lavish wisely said, "It is becoming abundantly clear that the average person who truly understands #Bitcoin has a far greater grasp on macro-economics and money than even the smartest economists at the Fed."
So, friends, let's celebrate our Bitcoin blessings and remember: "Stay humble, Stack Sats." - Odell 🙏
Happy trading, and don't forget to manage your risk, chaps! 😎
Trade active
Taking short here at $28,400 and added to short now at $28,150. Lowest target 16K.
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