Wow. Impressive move by the bulls here since we watched down around $8000 for resistance to clear and create the bull break out. Last night BTC reached just shy of $9400 for a solid 15%+ gain in a few days. I personally have now scaled out of about 30% of my BTC position and remainder is riding the higher lows off 4 hour chart as stop losses. Also keeping a watch on daily 12 EMA. This has served extremely well for BTC with it offering great support initially and once we lost the support we saw the solid pullback to then see it serve as resistance. We finally broke that just over $8000 to get back above the 12 EMA and it again gave support. Yesterdays move pushed BTC well above the 12 EMA so we may see some slowing by the bulls to allow the EMA to catch up to price action. Also was watching from last post the alt coins begin to struggle which in my opinion would only help BTC and thus far it has. Many alts are now back to moving upwards which will pull some market from BTC but overall BTC is where traders have wanted to be for the past week. Impressive gains and following technicals beautifully.
Just My 2 Sats!
Just My 2 Sats!
