Knocking on heaven's door. BTC@Maj. S/R
Updated
Bitcoin now looks bullish on all fronts and the parabolic sentiment that we saw heat up before the 27th of June seems to be ramping back up. Not only are we close to testing the $13,868.44 high we saw on coinbase, and the psychological 14k level, but apart from maybe a hiccup around the 16k level, there seems to be very little in the way of resistance on our way to the all-time-high of nearly 20k. Save any whale-buffoonery, extreme blockchain-scandalism, or the failure of technology worldwide, I see us testing and retesting here at ~ $13,016.44 for a little longer today and possible breaking into new yearly highs sometime before the end of the weekend. I think emotional attachment during trading is a bad thing, you should always stick with a well hashed out plan that you and/or your financial advisory have deemed fit, but emotionally attaching yourself to the traded market itself, outside of any trade, can sometimes provide insight. And friends, not to put too sentimental a tone on it but, my toes are tingling.
Order cancelled
Well, nobody answered. But that's OK. this sideways action is a healthy thing for the long term growth of this movement, and the longer it takes, the more capital we can throw at lower risk setups. I was concerned about breaking the $11,100 - $9,700 range as being a game changer. Breaking this zone could begin to spell out an extended lower highs-lower lows scenario. But as it stands I am monitoring the current bounce off of 11K and even the heavily traded ~112K level, on the road to 14K. More to follow in new posts. Cheers
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