Here's My Plan
Updated
As we are reaching to the top of the trading range, FOMO is kicking in, but remember at 29k, we were all expecting to go down. Same goes here, we are all expecting to go up, yet we are still in the trading range.
It's important to hold on to your feelings now and stick with the plan or you risk buying the top.
Next levels i'm watching are:
40.841 - Top of trading range set by Automatic Rally
41.330 - Upthrust June High
43.988 - This is the definition of bear market at 200MA
Breakout will be above 41.330 and i'm planning to buy above this level with 15% of my portfolio, leaving 85% for a possible pull back from 43.988. This could be a rally to the death cross (200MA & 128MA), i'm always being cautious. I'll increase my position above 44k.
Hold on, it did not happen and may not happen.
It's important to hold on to your feelings now and stick with the plan or you risk buying the top.
Next levels i'm watching are:
40.841 - Top of trading range set by Automatic Rally
41.330 - Upthrust June High
43.988 - This is the definition of bear market at 200MA
Breakout will be above 41.330 and i'm planning to buy above this level with 15% of my portfolio, leaving 85% for a possible pull back from 43.988. This could be a rally to the death cross (200MA & 128MA), i'm always being cautious. I'll increase my position above 44k.
Hold on, it did not happen and may not happen.
Note
BTW, although not directly related, but an important event happening at August 4th. The hard fork of Ethereum. It will take a long time to transition from POW to POS, but hard forks bring uncertainity and investors (like us) don't like that. Since ethereum is an important part of the ecosystem, it can impact bitcoin in two ways:1- The rally to the death cross following a crash with the hard fork
2- Money moving from ethereum to Bitcoin
Keep this in mind.
Note
Possible distribution at the top! 
Trade active
Bulls win, we're going to 100k! 
Note
Point of No Return 
Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
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.