BTC/USD long term buy set up has triggered
As we near the Aug 1st danger zone BTC is tipping its hand to be strong AF and elation is back in the crypto world (at least for those that didnt blow out at lows... which, most did.) From a headline standpoint we are not in the clear just yet. But from a chart standpoint there is ALOT of buyers at 2557 from a game theory perspective. Buying at that price and under presents a great place to position against 2170 for a long term HODL into ATHs.
Looking to buy there with a stop (in case of disastrous news) under 2170 gives a solid R/R setup for a long term hold.
My gut says we pullback and consolidate (staying above the low of the range and giving ample opportunity to get some good prices) into september then moon like a mutherfucker sometime in the fall. I will be playing accordingly.
This is not trading or investment advice, as always. Just my opinion and to be used for educational purposes only. If you trade it is at your own risk.
Happy Hunting!
buy triggered 2560.40... I'm expecting a solid consolidation here.. could last months as the Segwit gets digested. Hopefully it wont trigger the stop during that time... buuuut it might!
I won't sell my BTC until there is no dollar to sell it for.
as crazy as that might sound... I think it's solid plan, seriously.
Moved stop to 3140 to lock in 23.4%
1st target hit 1/3 +39%
2nd target taken at 4435, stop moved up to 3776