BITCOIN UPDATE!

Updated

HELLO Friends and Traders,

A qiuck simple update on bitcoin!

Bitcoin is closing its daily candles above our trend line at our buy zone which is very good!

Because the momentum (circled in red) is low and just turning around, I expect bitcoin to be around our trend (buy) for a little longer.

Im giving Bitcoin about 5 days for momentum to pickup so we can step up and away from the trend, breaking up through the downward resistance (red line)

Otherwise I will not be selling or panic selling even if it drops below our trend for a bit, UNLESS the daily candle closes below our trend I will give a update of my exit and sell strategy.

I will be updating below as needed,

Cheers

-This is not a financial advice, buy and sell at your own risk.

Note

We have closed the daily candle below our trend. At the moment im down 3%, a good time to sell out.
If Id be at loss more id wait for it to test resistance within the next couple days to sell at my buy. new idea update coming..

Note

Friends and Traders,

We have broke our trend and our daily candle has closed below the trend line, so we are going down.

I AM NOT PANIC SELLING, bitcoin should touch down 6800-7000 area (about 6 % drop) and then come back up to 7500 to test the new resistance.

I will sell at break even without loosing anything in couple days, if we break through the resistance I will buy it back at the trend,
but the most likely scenario is we come back to test resistance 7500 and head down to 5000 area.

If I am only down 3-5 % when it seems the loss is low I might sell rebuy at 6800 trend line to catch the jump to 7500

Cheers

This is not financial advise, buy and sell at your own risk.

Note

We have came back up to our buy, I have sold my bitcoin at the buy without loosing a dollar and looking for a better buy entry after bitcoin drops

Trade closed: target reached

2themoneymoon

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