Bitcoin Back to Where we Started and I’m Long Again 📈
Hey guys,
After returning to the Steemit grind post HF20, it’s time to get back into the charts.
I’ve been long Bitcoin then break-even (follow my Twitter), then long again at roughly the same spot I started at.
I’m primarily a swing trader and as price is still above that same higher time frame support level...
...I still want to be taking longs on an intraday chart...
...and playing for the motherload rip higher when it comes.
Whether it plays out, who knows. But my risk is clearly defined and the reward is there if it does. I like the trade.
Peace ✌🏻.
@forexbrokr | Steemit Blog
Forex and Crypto Market Musings.
Twitter: @forexbrokr
Instagram: @forexbrokr
Bitcoin back at it. Nothing will matter when BTC surpasses 10k and the FOMO brings it back to where it belongs
I agree with your assessment although I have read more and more about a potential bear flag forming. I am not a TA person but I see so many different indicators that I can only think the market is about to move one way or the other to establish a new trend... Thanks for your insights!
Take a look at the daily chart going back to the March highs and the descending triangle that is forming. Gives the clear levels for breakout to the upside.
https://steemit.com/cryptocurrency/@technicaltrader/bitcoin-btc-price-analysis-approaching-apex