https://www.tradingview.com/x/e2AmkKpR/
Bitcoin Market Update
We've broken out of my triangle, and closed the daily above the breakout, above the fibonacci, and above the median line of the pitchfork. This is the "Critical Juncture" I was speaking about. Now the charts look good. I AM anticipating a pull-back, perhaps even a significant one based on the recent market moves. Place yourself in the psychology of many who find themselves caught up in these movements. I'm talking those who don't really know what to do, who don't have good risk management, who have been being bled to death by this last quarter of bear country. They want to realize some profits. Now this might be more so with alts then with BTC, but it would be very unlike Bitcoin to move this far this fast and not have a nice correction for the shorts who got liquidated to not buy back in. The money I have on Bitmex/Kraken is still long, refer to previous chart on my positioning. Stop loss at the EMA9/Tenken, around $7,500-$7,550.
tldr: If you're not in yet, don't FOMO. If you must, small positions guys. A pullback is possible. I am still in my long position with an updated stop loss.
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