With the parabolic move up still intact, BTC refusing to go down and any dips still being bough up quick. I am still short term bearish on Bitcoin. The HTF trend is certainly bullish, as much that despite being bearish atm I was hesitant to open a short (which I eventually did). I believe we are heading up for a retracement due to the following. - I don't trade...
ADA is finally showing trend reversal signs on HTF, as can be see first higher low formed. A break of 0.236fib will confirm a higher high. Bullish RSI divergence on 4h. I will still wait it to reclaim the 1055 - 65 area and establish support before going long on ADA.
Since BTC started ranging I noticed people longing as soon as price seems to break through the 8k resistance, while others shorting when price seems to have been rejected at this area and mostly getting stopped out. However, I have been scalping and getting some nice returns here. We have been in a range since last 4 days, market conditions as such can be boring...
Theta looks primed for a pump up to 40% and 80%, good bounce off support, overall bullish market scenario, increasing volume. An entry around 1200-1300 should be good enough, hoping for targets at 1700 and 2200 sats.
Tron currently sitting on weekly support, looking for reactions on the area. Might get a spot in around 304-320 area with a wide stop.
BTC still below the 8k resistance, if we manage to break through, I will target at least 9.8k, a strong rejection here and I will be looking at 7.2k and 6.4k, 6.4 being the OTE for me. A correction seems likely to be coming soon, however, I won't be shorting this just yet. Tops for parabolic moves as such cannot be predicted easily.