Bitcoin
Long
Updated

Bitcoin to continue bull trend

1 591
I think the higher lows might be a reflection of the awareness that is spreading through the masses. As awareness grows, demand grows, and therefore we see higher lows. With that in mind, it is likely that we continue to breakout from the current price levels and move onward in an accelerated bull run. If this works out, expect a bear trap and then a push to new highs. There are a few variations on how this pattern could play out, but I think this is probably the most conservative. This last bit of volatility will be the key to picking up your favorite alts at the lowest prices before the market begins to move again.
Note
looking a little more bearish than I had anticipated. If it closes below $2400, <$1800 is likely. Safety lies beyond $2650. Such an important zone we are left in.
Trade closed: stop reached
Giving up on this boat for now. I've withdrawn 65% profits into USD, partly because I've never taken profits before, but also because I want to use these funds to short some overvalued tech stocks: NVIDIA AMZN TSLA and MAYBE the Canadian housing market after more research. The remainder is currently in USDT waiting to buy back around 1350-1500 unless it shows signs of continuing the bull run(does not look likely).

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.