$BTC update:
Set sells in and around red.
Will close 3/4 of the position there, rest is a moon bag.
Normally I wouldn't close yet but I'll be traveling this week and right after I'll take a vacation.
Don't want to actively monitor it so it has to go.
Great trade regardless.
Looking at the $BTC chart on the HTF is really amazing. Seeing how far and fast we've moved off the lows back to $6000 which seemed like the floor for eternity.
Some food for thought, for us to drop to $2000 from here, would be almost the same % drop from $20,000 to $6000.
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#Litecoin continues to outperform $BTC and $ETH, a sign it could be leading the market once again and others will soon follow.
Local high of $53 seems like a reasonable near term objective.
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$BTC
Maybe the low is in and it's an uptrend from here to ATH. Maybe we form a range and go sideways.
If you are worried about missing the next bull run because of today, chill. The goal is to catch the majority of the move, few will buy at or near the low and hold to ATH.
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$BTC #Bitcoin#crypto
Looking at 2014/15 bear market & comparing market phases (Price/RSI)
Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout
If BTC follows the same trend, I think the next major move will be #bullish
Just a theory. Plan for both scenarios
If you separate every single weekly candle since the beginning of the $BTC bull run in Nov ‘17 through today...
It’s a lot easier to see why people are bullish on #bitcoin right now👀