BitcoinLong
Btc: Let the bull season begin?
So can we say Game Over for bears or there is still hope?
Update on the Breakout:
Since the break on the 7th of January, i said that i was expecting 8 480 - 8 560 before going for a retrace around 7 800. Well we just go it 1h ago, although i still see a possibility of extending too 8 568 before a final retrace around 7 760 - 7 903.
Why 7.8k?
- That's a big re-test on my 3d Ascending Triangle;
- Major Caps like Ltc, Eos, Bch and others managed to break from big downtrend
channels but never re-tested it, for me that's key to get that little retrace before further
upside.
- Longs will start going crazy, so this is a great chance for a last slaugther and
accumulation before starting going up hard.
So is it logic to short here?
Well that's for sure really risky, if you want to take the risk (It's still a possible 700$ drop) here's how i would play it:
Portfolio Risk 5%, Leverage: x20
Short 8 560
Sl: 8 650
Target: 7 903
From there i hope you will be long because for me bottom is in and we are starting maybe one of the biggest bull run in the history!
If you have questions feel free to ask, or click on the link below you'll be re-directed to my groups.
Update on the Breakout:
Since the break on the 7th of January, i said that i was expecting 8 480 - 8 560 before going for a retrace around 7 800. Well we just go it 1h ago, although i still see a possibility of extending too 8 568 before a final retrace around 7 760 - 7 903.
Why 7.8k?
- That's a big re-test on my 3d Ascending Triangle;
- Major Caps like Ltc, Eos, Bch and others managed to break from big downtrend
channels but never re-tested it, for me that's key to get that little retrace before further
upside.
- Longs will start going crazy, so this is a great chance for a last slaugther and
accumulation before starting going up hard.
So is it logic to short here?
Well that's for sure really risky, if you want to take the risk (It's still a possible 700$ drop) here's how i would play it:
Portfolio Risk 5%, Leverage: x20
Short 8 560
Sl: 8 650
Target: 7 903
From there i hope you will be long because for me bottom is in and we are starting maybe one of the biggest bull run in the history!
If you have questions feel free to ask, or click on the link below you'll be re-directed to my groups.
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