Long BTC to Around $48,000

17 dic 2023

BTC was up roughly 70% from October 5 to December 5 with the current price action observed within a horizontal trading range. I will be opening a long position on the Spring position around $40,000. If the Spring fails then I will exit the position at a small loss. I think we will observe a sign of strength (SOS) rally that will take the price to around $48,000.

This is not financial advice. I am not your financial advisor. This is my opinion.

10 ene

Operación activa

The price action has moved within the trading range as expected, although the price didn’t spend very much time in the lower portion of the trading range. We observed a Spring-like event on Jan 3 and a sign of strength (SOS) bar on Jan 8. This is a live trade. I expect to close the trade around $48,223, which would yield a 19.4% profit on the trade.

12 ene

Operación cerrada: objetivo alcanzado

Entry: $40,388
Exit: $48,223
P&L: +19.4%

Time to look for the next trade!