BTC has confirmed uptrend - Target $43K - Time to go LONG
A quick update on my posts yesterday and the day before (linked) with my updated 4/24 BTC_USD chart at Midnight here Aust EST!
After BTC rose to $38.8K 2 days ago, after breaking up out of the descending channel it's been in since Jan 5th (except for the brief Elon pump 29/01) it then fell back yesterday to $36.25K before rising again through today to $38K. The Forflies EMA 'snake' is strongly bullish, and it appears the BTC bulls are back in control especially with most Alt coins pumping !0%+ today as well.
BTC continues to follow the 'Scenario 1" path I laid out for it 2 days ago, and it should now go up to the bottom of the previous Nov/Dec ascending channel at $40K and probably break through to continue on a steady path up to $43-$44K if it does.
This looks like a good opportunity to go LONG BTC with leverage at $38K, hopefully with big profits at $43-$44K - although caution is needed at $40K in case it rejects.
Thoughts and comments welcome.
After BTC rose to $38.8K 2 days ago, after breaking up out of the descending channel it's been in since Jan 5th (except for the brief Elon pump 29/01) it then fell back yesterday to $36.25K before rising again through today to $38K. The Forflies EMA 'snake' is strongly bullish, and it appears the BTC bulls are back in control especially with most Alt coins pumping !0%+ today as well.
BTC continues to follow the 'Scenario 1" path I laid out for it 2 days ago, and it should now go up to the bottom of the previous Nov/Dec ascending channel at $40K and probably break through to continue on a steady path up to $43-$44K if it does.
This looks like a good opportunity to go LONG BTC with leverage at $38K, hopefully with big profits at $43-$44K - although caution is needed at $40K in case it rejects.
Thoughts and comments welcome.
