Bitcoin Bounce to 55K-57K Area
Updated
Using the Tom Demark Sequential System on the daily chart we look to have a 1 to 4 Day correction to the upside toward the area of the breakdown/previous support after a full 9 Day count to the downside. Also the selling looks exhausted on the rsi. Once we get close to resistance I will be putting in a stop loss to preserve profits. I do think this is not the end of the bull market but a major pull back to the low 40k area or lower would be painful.
Comment
Keeping a tighter stop loss to keep gains. If we head toward all time highs, I am going to add to position. If it turns lower it could get ugly FAST!Comment
I think we are going higher! 70k here we come! Going to tighten my stop loss to lock in profits but I am BULLISHComment
STOPPED OUT!
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