Keep in mind that, this is the bearish view i have for BTC at the moment, we could go up form the 47500 easily without any lower lows ahead.
But I think that it would be health to touch the 21 weekly MA right at the bottom of the OLD BTC channel,
the channel started at the beginning of the bull run, that would project BTC over 100k for August - September.
How I am operating:
30% on Hold since the beginning of the bull run.
30% on Longs.
40% on Swing Trades.
I still have 30% of my longs part free for an eventual buy at the 21 weekly MA.
I am looking to sell the 40% on my trades part, around 3 days before the futures expiration we could have a sell off like I showed on the graph, and afterwards we could moon straight,
or we could have a lower low in the 21 weekly MA at the beginning of MAY.
But I think that it would be health to touch the 21 weekly MA right at the bottom of the OLD BTC channel,
the channel started at the beginning of the bull run, that would project BTC over 100k for August - September.
How I am operating:
30% on Hold since the beginning of the bull run.
30% on Longs.
40% on Swing Trades.
I still have 30% of my longs part free for an eventual buy at the 21 weekly MA.
I am looking to sell the 40% on my trades part, around 3 days before the futures expiration we could have a sell off like I showed on the graph, and afterwards we could moon straight,
or we could have a lower low in the 21 weekly MA at the beginning of MAY.
