Traders,
As expected, Bitcoin has now arrived down at my $39,877 level. This is a target that I have set for the beginning of my DCA entries. I think we could come further down to my channel support areas and I will add more here if that occurs. But, if we break those supports, I will exit and look for lower entry points because, at that point, I would expect a re-visit of $31,600. I am mainly playing a quick pump and retest of the $44,500 level where I will take profits and reanalyze the charts should we get there.
I have also given an update on my recent altcoin entries but unfortunately, this information is not available here on Tradingview.
As expected, Bitcoin has now arrived down at my $39,877 level. This is a target that I have set for the beginning of my DCA entries. I think we could come further down to my channel support areas and I will add more here if that occurs. But, if we break those supports, I will exit and look for lower entry points because, at that point, I would expect a re-visit of $31,600. I am mainly playing a quick pump and retest of the $44,500 level where I will take profits and reanalyze the charts should we get there.
I have also given an update on my recent altcoin entries but unfortunately, this information is not available here on Tradingview.
Note
DCA in. Bought more at 38,800. However, lowering my target to 42k at which I will take some profit and tighten my stops.Our supports below are still holding strong.
Note
Taking half off for profit. Raising my stops to break even.Trade closed: target reached
The 4 hour chart is showing resistance both on the price side and RSI. I have decided to take my Bitcoin profits here and am all out. I will look for re-entry if we drop back down to our daily supports (around 39k) OR should we confirm further movement to the upside.
Stewdamus Trades -
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Crypto predictions, targets, how-tos, and much, much more!
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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.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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.