Bitcoin
Long
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Long BTC to Around $48,000

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.
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snapshot

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.
Transakcja zamknięta: osiągnięto wyznaczony cel
Entry: $40,388
Exit: $48,223
P&L: +19.4%

Time to look for the next trade!

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