Nicholas_k

Entering another BRC Long at the current level of support. Appears we have a lot stronger potential for a bounce here. Looking at RSI we see oversold conditions with larger time frames holding bull divergences. Looking at this to be a low risk trade with lots of potential. Loading in now.Have fun and as always protect that capital.Set Stop to tight. Re-entered at original entry location. With new Stop price of $79,800.00 Best Of luck!

BTC is hitting key support at just under $80,000This is a good opportunity to expect a rebound back up to $100,000. Double bottom formation coming in nicely. Currently entering into my position and watching for a break under. Will keep stop tight as there is a fear of an extreme trend and sell off taking hold. Economic uncertainty and emotional buying and selling in today’s market can drive price in either direction HEAVILY. This being said i am currently looking for entries at major buy/sell areas and keep stops tighter than I normally would while also leaving room to leverage deeper into a trade under trending conditions.Best of luck to you all and trade safe!

(FOREGIVE MY CHART - REALIZED AFTER I POSTED T/P 1 AND 2 ARE REVERSED)Currently BTC is approaching the 100,000.00 mark. Personally I suspect a correction around this level to retest the $80,000.00 Mark before pushing much higher. It is possible this will push past the 100K mark to liquify bears before making its descent. For this reason I have set a martingale sequence to hedge my short at the specified level. Entered my original short position when we broke 4 Hour Structure of the pictured trendline. Had opportunity for profit taking though way smaller than I have been aiming for of course. BTC has broken back above the trendline and I have hedged my trade with a 1:1 Long Entry. This will allow me the availability to protect my trade if it does progress higher without completely exiting my position at the cost of swap fees and broker commisions. Each time we touch my sell location I will be adding to this trade and cutting any remaining Long trades until listed T/P levels are hit in which case I will cut positions accordingly.If we go up significantly I will look for locations of "Re-entry" in which case I will cut my longs for profit and ride my shorts to a more favorable cut location. (Preferably my T/P Levels)This strategy requires proper planning to leverage in deeper and deeper to the trade without reaching uncomfortable levels of risk within the channel area. My current entries: LONG = $99155.70SHORT = $98110.30Currently: Morning Star Pattern May be forming. Waiting for closure of current 4HR candle. If next candle opens green I will watch the 1HR chart for an indication of continuation. May adjust strategy to increase long position over the threshold and regain a bullish outlook on the patterns temporarily. Bearish momentum may not be achieved until 100K has been reached indefinately.1st Target reached, profit secured. No additional risk taken. Stop on all open positions changed to entry location. Next target... $90,000.00

Bitcoin had a good consolidation period and now is breaking up again. I can see this run taking us to nearly the 100K mark especially if DXY stays under its key resistance level. Currently leveraging into XAU and BTC. Hoping to see new highs for Gold and continued upward movement for BTC. I would imagine at 100K we will likely see some form of sell off and overflow into other cryptos as investors start securing profits and further diversifying. Overall I have a target of 200K for Bitcoin over the next 5 Years.Profits Closed Last Night - Good Win. Took Profit slightly before the 100K mark personally as what happens next is unprecidented. See my updated analysis on my current short entry.