This is your weekly update.
It seems like it is full bull market guys!
Big "regular" indexed got their ATH, why not also BTC.
What is next, could money from BTC flow into ALTS and kickoff another ALT season?
I surely think so, but not before some kind of correction.
Markets looks ready for that moment.
How does the 1D chart look like today?
Cloud is green
Price is above the green cloud
Price is above the red line. The red line has crossed the blue line, which means price is back in its upwards trend.
Lagging span (green line) is above the green cloud.
All of the above is very bullish
Price is still at the overbought zone (above 70), and on the 4H chart there is still strong bearish divergence.
On the lowest indicator of the chart it shows an R, usually meaning reversal or correction is coming.
What could be the Target?
A wise man once told me "Never short a bullish BTC". I personally believe BTC could easily tick the 70K price and then some more.
BTC could also easily flush first and then simply go further up.
In GRAZZP on the ICONOMI platform that is no problem at all, because we do not put any stop losses and stay long.
What does this mean for GRAZZP™ Strategy?
Lets see some money flowing into ALTS guys!
Thanks all! And enjoy the week!