ridethepig | BTC Market Commentary 2020.10.20

20 окт. 2020 г.

📌 Bitcoin - October 2020

Well done those still holding longs in what has been a rather slow but simple grind higher. Buyers could have developed quicker according to the flow models but we maintained flexibility.

Next comes the wave 3 target at $12,364. And buyers are not particularly favourable to break through without a retrace. The correct course is to take some profits and reload from cheaper levels. Rinse and repeat.

And now, I present the whole macro flow chart, because of the log-chart breakout it is a good example of how even strong hands and advanced players are frequently unable to understand the core strategy.

Thanks as usual for keeping the feedback coming 👍 or 👎

21 окт. 2020 г.

Заметка

A quick update here as we approach the main targets on time for NY...

21 окт. 2020 г.

Сделка закрыта: достигнута тейк-профит цена

A helpful move from Paypal, well done those who caught the leg higher.