RE: Looking Like a Range

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Looking Like a Range

in trading •  7 years ago 

I am still feeling bullish in the longer term, very much so.. I think we may have been presented with another tremendous buying opportunity to capitalize on. That said, use your charts in the daily and look at moving average crossovers, find me an instance where a 10/30 or 7/21 upside cross on the daily failed to translate into big gains in the longer term. This is what it is I feel and we are in a shakeout again.. no big deal to me.. I will be alleviating myself of some of those discounted alts I grabbed when BTC jumped 13-15 when it hits bottome again in the 12,900 range possibly.

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Shakeout is what it looks like to me too, but this might not be the end of it just yet - we might need to meet up with the 77 before resuming a sustainable uptrend. 😉

And I'm even more sold than ever on the idea of a range bound trade between 11k and 20k.

BTC08012018-2.jpg

agreed... on both points... thus far...