BTC - Another Long Setup Can't be Bear Here

Here we are once again pushing the 100k level as Bitcoin attempts to break resistance. As I mentioned last week I am bullish for 130k and am positioning for this move.

From a technical standpoint on the weekly, we have a nice inside pinbar which is generally a continuation sign. For a trade to be active would need to take out the high of the candle. Will be posting the trade shortly in our group.

If you read my last post I mentioned you could buy some here and if it pulls back to 90k buy some more. Maybe a couple of you caught that dip, but you would have had the balls to just step in.



On the daily there was never a setup to go long on the dip, so you would have had to look at smaller time frame charts which simply are not as reliable as the daily or weekly.

This is why I stick with the weekly for the most part. Too small a time frame equals too much noise, and noise is not good. However if you have a week of price information, you are clearing out a lot of the noise.

Now we are getting some consolidation after the dip, and I would not be surprised to see another dip as a retest of 90k, but don't count on it. This market is bullish and you want to stick with the bull side of trading here.

As for alt coins, few are interesting here, I am going to take a look at some for trade ideas, but I am really only interested in Bitcoin. They had their chance to knock off the king, you get one chance, and other than DOGE I am not really interested.

Now stocks, I think the honeymoon is wearing off and I will post some updates in the group.

Good luck and Hope everyone had a great Thanksgiving!!!