BTC finally arrived to my last target since January
Updated
BTCUSDIt has been a long time since I posted about btc. I honestly didnt see the need to post because the rally was obviously stronger than many people thought. Heck even I was socked by it. My last target was 9987$ but btc know how to drop the jaws of many.
This is where I stand today with btc.
Weekly looks strong, daily came close to weak at 7.4k. Monthly still a little bearish and I think it will play an important role in the next few months.
I will continue to hold my trades till the daily shows some weakness, and as of now there is no clear target on the new high to be honest.
I have a lower price in mind based on the daily and it is 7.4K. first would be 8.9-9K should act as temporary support. As I have said before, I am no shorting this market. I just prefer to be on the side of the trend.
Good luck and trade with caution.
Note
just some charts along the way. Note
For my two followers that are active, here is the update. As of week started, 14-10-2019, btc has drawn ended up in a very difficult situation in the weekly, which is the one I have been watching. Target in the high end is 8.9k-9.2k one is based on previous resistance that btc was able to break to hit 13k the other is based on volume that btc was unable to hold on to. There would be another 35-40 days of wait and I am still young so I don’t mind waiting. I see a new lower than previous price. Don’t be a top TA of TradingView and start buying at the top. Lol. Look into stocks as well. The market is full of opportunities. Happy trading and See you in a few months.
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We arrived at the second target faster than expected. 6500 pretty much here. I will resistance formed at 8800 in the daily but due to the previous jump, I see it hard to get there any time soon. Xmas sell is around the corner. Happy trading. I am looking for April-May months to buy. Happy trading.
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Well the end of 2019 is here and I want to wish you the best of 2020 but as you can imagine this post isn’t about good wishes. Let’s get to business. This post ideas was based in price action solely and it surely got many caught out of guard.
Unfortunately, that rally couldn’t hold. I still think a higher low is at play. 8.8k was a very attractive high target but falling to 6.5k twice erased that target. 7.6k was our previous buy we have already hit that as well.
My expectations is a lower target still. I have many reasons to believe that and I will be looking for any change.
900-1.1k is my idea for now. I will update the idea with a new one soon.
Have funny.
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