Traders,
As expected, Bitcoin has now arrived down at my $39,877 level. This is a target that I have set for the beginning of my DCA entries. I think we could come further down to my channel support areas and I will add more here if that occurs. But, if we break those supports, I will exit and look for lower entry points because, at that point, I would expect a re-visit of $31,600. I am mainly playing a quick pump and retest of the $44,500 level where I will take profits and reanalyze the charts should we get there.
An update on my altcoin trades is necessary as well. I was stopped out of SOL and GMX for a 10% loss. As you know, my stops were tightest on these two due to price being closest to breaking the red ascending TL we had been using as support. This TL is now broken on these two alt charts. The other alts remain above the supports and should follow BTC up if it bounces as anticipated. You can view the original post on those trades along with the charts here:
Here is the current spreadsheet data: