Bitcoin

RACEACEACE #BITCOIN STOP HUNT TO 9200ISH FIRST?

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I have seen that the average trader is already busy and has entered a short position. However, I think 1. It is best not to trade during the weekends and 2. There will be a stop hunt. My analysis with my Gann Fan chart tells me that a stop hunt up to 9200 is on the table. A correction would, in my opinion, take the price down to 7800ish. I believe an exit for long from 7800 would be in the neighborhood of 8900. I am anticipating a dip at 8900 for a shakeout dip before a bigger leg up.

This idea explains my current bias. I have been on an insane winning streak. This week I longed 8155 to 8800 and then longed again from 8950 to 9400. I haven't been able to update tradingview as frequently as I used to because I am now busier trading BTC + USDJPY + Gold. However, these days I prefer to update with a tweet on twitter.

Please note that my strategy is to only look for long opportunities. I will not be shorting until at least July.

Stay safe!

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