You couldn't help but take notice that BTC was waking up when it made that bounce at 6.4k. I'd been calling for 5440 since upper 12's....and even I had to take notice that things were changing. Back in November, I commented that Bulls needed to regain 7620 to show they still had it in em....and then take another 2k with it, and put in a HH. They've just about managed it.
I don't know what price will be tomorrow, or next week. But we've held that 100sma, the ema are getting close to a proper stack. It's been one hell of a Bullish week, on increasing volume.
But....and there is a but (there always is with BTC)......We're at clear resistance. And bears aren't just going to lay down and take it. I'm cautiously optimistic. I'm obviously VERY glad I added to spot in the mid 6's. But (there it is again) we've been running up, and running hot for quite a while now. It's only healthy to have a correction.
As always, practice solid risk management, and good luck in your trades.
I don't know what price will be tomorrow, or next week. But we've held that 100sma, the ema are getting close to a proper stack. It's been one hell of a Bullish week, on increasing volume.
But....and there is a but (there always is with BTC)......We're at clear resistance. And bears aren't just going to lay down and take it. I'm cautiously optimistic. I'm obviously VERY glad I added to spot in the mid 6's. But (there it is again) we've been running up, and running hot for quite a while now. It's only healthy to have a correction.
As always, practice solid risk management, and good luck in your trades.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.