BTC - Retrace or Channel Breakout?

For those of you foaming at the mouth for an opportunity to short a parabolic rise, you may get a chance soon as we approach to the top of the long term Bull Channel. As you can see on this Daily Coinbase chart the fibs line up, the channel lines up, and the current price action will soon line up for a nice bounce off the top of the Channel. Of course we could always just pause there, consolidate for a couple days or week, and then bust out of the top of the channel to further dash the hopes and dreams of the Bears. But if I HAD TO SHORT, which I don't have to do, but if I did, that's where I would make my attempt.

Then, if successful, I would take my profits around .50 or .618 if we got back down there and go as Long as my trading plan allowed. After that, I would just sit back and wait for early retirement. :0)

But that's just me, you of course should do whatever you think best.

Good luck.

İşlem aktif:

You know, for all the insight and wisdom I impart to this group I don't get shit in return.

No comments, not likes, no nothing.

I called the bottom at months ago and nothing.

And yet, posters like Shit Cannon are always at the top.

I think I'll take a break for awhile. Go SMASH their like buttons. Obviously mine has herpes.

Peace.