BitcoinUpdated PRS LIVE #2 BUY BTCUSD 10400-10700 FOR 14000, BY 9/05 IF LATE
PRS NAILED THE LAST CALL FOR BITCOIN IN PRS LIVE TESTING #9 AND IN FACT, NAILED IT TWICE. SEE BELOW. LOOK FOR A FLAG NEXT. IT IS A STRONG BUY AROUND 10,400 WITH TARGET AT 14000 EARLY AUGUST (RED PENNANT BULL FLAG) TO EARLY SEPTEMBER (BLACK PENNANT BULL FLAG).
Here is original Live Testing #9:
And updated #9.
Honestly, I just wanted a win in crypto for PRS, so in my mind, 10k was lower hanging fruit. Once 10K was hit, 11,400 was the next logical step. Next is maybe 11,700 or 11,800. Whether or not it hits that is not a big deal. The big deal is what level does it correct to? If not going immediately higher, the floor is like 10200. Obviously with the break out, bitcoin probably has the world's attention all over again. So I am thinking a bit higher before correcting to 10400-10700. If you are buying for 14,000. Tranche it in so you don't have to think about it. With these pennant type corrections, try to tranche equal size with no tapering bc there's no way to know if it the the last move is the cheapest price. I will update if there's something to add. I do want to say gold has my attention most of the time. So unless something changes too much, I usually don't.
Here is original Live Testing #9:
And updated #9.
Honestly, I just wanted a win in crypto for PRS, so in my mind, 10k was lower hanging fruit. Once 10K was hit, 11,400 was the next logical step. Next is maybe 11,700 or 11,800. Whether or not it hits that is not a big deal. The big deal is what level does it correct to? If not going immediately higher, the floor is like 10200. Obviously with the break out, bitcoin probably has the world's attention all over again. So I am thinking a bit higher before correcting to 10400-10700. If you are buying for 14,000. Tranche it in so you don't have to think about it. With these pennant type corrections, try to tranche equal size with no tapering bc there's no way to know if it the the last move is the cheapest price. I will update if there's something to add. I do want to say gold has my attention most of the time. So unless something changes too much, I usually don't.
Note
Getting a nice pullback here. Think top is in for this run, so we might have a shot at 10200 for the buy.Note
I just realized the oil contract was up for the split screen. Sorry, didn't see that until now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.