We still have one more potential day of upside according to the time analysis. Daily, bullish. Weekly, bullish. Monthly... bullish.
And we look like we're forming a potential pendant/triangle that could lift us to break $6,000.
If it hits over $6,000 - I will look forward to taking profit. Because we will possibly have a 1-4 day pull back after tomorrow. So, we could hit $6K within the next 12-36h.
Which will bring FOMO. I will hedge into alts if we get within $6.2-6.6K range - because we HAVE to drop to test support levels. Unless we go parabola mode (use stop losses, raise them to maximize returns).
You can make a lot of money if you do this. Even if its red, buy the blood! Next day is more PROBABLE be green for alts - and -% for bitcoin (16th oct)!
Or you can get into fiat, and make like 5-10% (20% looks better with good, high volume alt coins).
Otherwise I will be a bit concerned... We really need to get over $6K for $5K to be strong support!
I am still holding my long from my last successful analysis on Bitcoin. So, I'm already in bitcoin in a long position.
Disclaimer
1. not financial advice - this is my OPINION
2. feel free to criticize my charts or troll me
And we look like we're forming a potential pendant/triangle that could lift us to break $6,000.
If it hits over $6,000 - I will look forward to taking profit. Because we will possibly have a 1-4 day pull back after tomorrow. So, we could hit $6K within the next 12-36h.
Which will bring FOMO. I will hedge into alts if we get within $6.2-6.6K range - because we HAVE to drop to test support levels. Unless we go parabola mode (use stop losses, raise them to maximize returns).
You can make a lot of money if you do this. Even if its red, buy the blood! Next day is more PROBABLE be green for alts - and -% for bitcoin (16th oct)!
Or you can get into fiat, and make like 5-10% (20% looks better with good, high volume alt coins).
Otherwise I will be a bit concerned... We really need to get over $6K for $5K to be strong support!
I am still holding my long from my last successful analysis on Bitcoin. So, I'm already in bitcoin in a long position.
Disclaimer
1. not financial advice - this is my OPINION
2. feel free to criticize my charts or troll me
Trade active
Comment:
we should break 6k, imo.
Trade closed: stop reached:
exited triangle.
1-4 day correction then i will buy maybe
1-4 day correction then i will buy maybe
Comment:
maintained 5.5k support but shorts got squeezed!
still a few more days to go
still a few more days to go
Trade active:
bought the dip
Trade closed: target reached:
... another victorious trade
