Good afternoon all!
$BTC is climbing steadily to the target (red box).
I finetuned the target based on lower level timeframes. As you now know, steady BTC means spikey ALTS.
so let's proceed to the chart.
How does the chart look like today?
The chart looks bullish. Price is breaking out the range moving steadily to the target (red box). I don't have any crystal ball, but I have the feeling it wont correct before hitting the target.
Why do I think that?
Cloud is green
Price is above the green cloud
Price is above the red line
Lagging span (green line) is above the green cloud
The oscillator below the chart gives some room to an upkick.
What could be the Target?
BTC up to +- 40.200 dollar, then correction.
What does this mean for GRAZZP™ Strategy?
We had a good performance, even with 40% of our strategy in more stable (relative less volatile) $BTC.
If BTC hits target, there is a high probability it will correct. The upside potential is limited right now. Lets play it a bit safe, till red box is hit and BTC has corrected.
Again, if you have any questions in regards to my analyses or any other question, please place a message. Thanks!