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• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Price surged High with strong buy momentum in H4 timeframe and recently traded a new all time high. This provides us with a potential buy opportunity as price currently trades at 117392.00 our target profit is at 119634
while all other high volume coins appear to have more downside coming in the next hours, dogwif is surprisingly very close flipping bullish for a small little push by the morning. This is very dependent on the next two hourly closes. we close strong, and the dog will see a small little pump. if the next two hourly candles move sideways our close lower, this is definitely seeing some lower prices
BTC
showed us an astonishing growth from $108,000 to $118,000 in a few days! But what is next and where is the next target?
At the moment the price is consolidating below the ATH, in fact there are two resistances: $118,500 and $119,000. To continue pumping, Bitcoin has to break both of them with strong impulse.
To be honest, the current price development reminds me of what we've seen a couple days ago: breakout of the resistance -> consolidation below local highs -> strong breakout and growth continuation. Something similar can be expected now as well.
In the past couple of years
BTC
taught us a lesson of waiting no time to hop on the train. When it pumps - it does it quickly, just like it does it this time. So, waiting for the best entry near $109,000 - $110,000 might leave you behind while Bitcoin will be pumping towards $125,000.
2W BTC - RSI is telling us we are at a pause - consolidation with a slight pullback is to be expected
RSI is tightening up and seems like it wants to consolidate a bit, maybe a slight dip down to run back up
The RSI here is not only giving direction its also giving us a possible top for price action into Oversold
Here is yet another trade on
BAKEUSDT.P
that pained me.
Not only that I followed it through the breakouts, I ate from the breakout after forming a rising wedge.
Then, I followed a ride back up immediately and had a sumptuous run too but when it started rallying and it was time for bed, I set a trailing stoploss to protect my profit. This stopped me out early before this major move Up.
I’m not angry as much because I protected not just my capital but profit.
But I’m still angry I didn’t win with the move that I foresaw.
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