You couldn't help but take notice that BTC was waking up when it made that bounce at 6.4k. I'd been calling for 5440 since upper 12's....and even I had to take notice that things were changing. Back in November, I commented that Bulls needed to regain 7620 to show they still had it in em....and then take another 2k with it, and put in a HH. They've just about managed it.
I don't know what price will be tomorrow, or next week. But we've held that 100sma, the ema are getting close to a proper stack. It's been one hell of a Bullish week, on increasing volume.
But....and there is a but (there always is with BTC)......We're at clear resistance. And bears aren't just going to lay down and take it. I'm cautiously optimistic. I'm obviously VERY glad I added to spot in the mid 6's. But (there it is again) we've been running up, and running hot for quite a while now. It's only healthy to have a correction.
As always, practice solid risk management, and good luck in your trades.
I don't know what price will be tomorrow, or next week. But we've held that 100sma, the ema are getting close to a proper stack. It's been one hell of a Bullish week, on increasing volume.
But....and there is a but (there always is with BTC)......We're at clear resistance. And bears aren't just going to lay down and take it. I'm cautiously optimistic. I'm obviously VERY glad I added to spot in the mid 6's. But (there it is again) we've been running up, and running hot for quite a while now. It's only healthy to have a correction.
As always, practice solid risk management, and good luck in your trades.
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