New ATH's are currently being made on Ethereum and I think its far from done. Bitcoin is near its peak at $1500-$1550 USD; once it dumps the money will flow to Ethereum , pushing it to the $130-$140 area.
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Current thoughts on this trade.
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Price has broken out of a bullish pennant.
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Buckle up. 4h momentum in the green and it seems the move has started sooner than I had anticipated. Only thing that has changed since the idea has been posted is the fact that Bitcoin is no longer retesting 1100 support. This should still play out, as I think Bitfinex will stay below 1640 for the next couple of days.
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1D SAR swap. Closed long opened short. Target of $60 USD.
Flawless chart so far! Thanks for the perspective!
STIADAYSOFPAST
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@qui, No problem! I think we are just about ready for the next leg up. Expecting to stay in the 85-90 area for a few days though while those 4h bands tighten a bit.
kenzboard
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@STIA, nice. i was thinking a 115 top similar to the dash pump a month or two ago. looks like we're at 88 on BFX and 84 on CB as of 4/30 8 PM PDT.