BTC/USD looks ready to jump
After breaking both critical resistance @11185 and the parallel channel that comes from late April 2020, #Bitcoin is again on the run.
As a trend follower I don't have a specific price target. I just have a soft stop point @11185. If we close below that, I'll consider this rally is over.
On the other hand, we can expect at least a $1000 move.
Let's see how this goes.
DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
As a trend follower I don't have a specific price target. I just have a soft stop point @11185. If we close below that, I'll consider this rally is over.
On the other hand, we can expect at least a $1000 move.
Let's see how this goes.
DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
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