If you have been following along I drew a few short-medium term price targets a while back. These are historic areas of indecision and price action. Multiple double bottoms from over a year ago are the dashed greens. I marked my re-entry with my trading bags in the dotted green for transparency. I hold two bags of PYR, a long-term back that I entered sub 3$ during the bear, and a trading bag that I have already swung once and re-entered. Short-term I think this trend maintains and we either fly right to 8.26$ or we correct to the trend line once or twice. I updated a demand as a fallback zone, but this momentum is very strong. Crypto gaming, you could almost throw a dart at any established token and make money right now. Where this ends who knows. But meaningful profit taking if BTC corrects after hitting 48kish might be a good idea. I expect BTC to hit 48k and correct and alts to run a bit.
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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.