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I'll be posting 25-30 charts for Subscribers & Discord members this AM - This is the #Bitcoin chart & analysis I just posted - despite how bullish I may or may not feel about any asset - I always take an unbiased view & let price/trend guide. Also, key to know personalities.
Bitcoin
Made a new all time high overnight but you can see how over-extended it is - above the 5/9/20EMAs so it has pulled back since the pop. For those of you who have been trading with me for several months - you know I've said this before - Bitcoin has this funny habit of making new all time highs and dropping right after - it's happened many times before, just look left to the last all time high in August, or the all time highs in May/Jan.
It will be interesting to see if this move holds - personally I would have preferred to see another couple days of sideways consolidation to let things cool and let the EMAs catch up before a big rip - but that said the key is that momentum is up and strong and I won't make any assumptions about where it could go next.. it's just good and smart to know a certain asset's personality so we're always prepared.
Support on Bitcoin remains 118-120K on pullbacks in the short term, and if it can claim/hold above the previous all time highs, then looking for a push to $130-131K target next before re-assessing.
As long as trend remains up and strong then underlying assets should do well in a strong uptrend environment.

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