LIFUI. O. LOR $BTC #BITCOIN My Thoughts: Sell In May & Go Away?
In my opinion, the recent Bitcoin rally has brought in a lot of excitement, which is great. However, the bulls did not apply much pressure. As per my update yesterday, I believe a retest of the $41,000 area is in the works. However, I believe that a failure to hold that level would lead to furthr downside to near the January 2021 open at around $28,720. That in my opinion, would be a Sell In May & Go Away event.
Current resistance: March 2022 high.
I do not mind being wrong, but I do mind being unprepared. I believe it is important for traders to anticipate, prepare, and manage risk.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!
Current resistance: March 2022 high.
I do not mind being wrong, but I do mind being unprepared. I believe it is important for traders to anticipate, prepare, and manage risk.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
