If you have been following my blog you will have enjoyed the fact that we have nailed the price moves on Bitcoin since the beginning of the year.
We highlighted just over a week a where our profit targets would hit long term at $6620. We banked profit and let the position run to the highs.
I also mentioned that pullbacks will be buying opportunities.
If we look at the 4 hour chart we can see the pullback playing out now.
Price and profit forecasts have been set on the counter trend. Great buying time as we needed to see some chips be taken off the table.
This is where i believe it will go in the long run.
However as you can see short term forecasted profit targets have been hit an you already should have banked the profits and run a small position towards my $5785 forecast.
We in profit big time so let it run until it doesn't. We check back next week to see how we have done
Remember always trade what you see and not what you think.