Here is a chart of our most recent run up after the COVID slump at the time of this writing.
As of this moment I have a small short position while I wait to buy in at the levels of those purple hashes near $8200.
Specifically these levels:
I am expecting a consolidation around those levels then a return to near 10,000 where I will begin to take profits and trim positions.
I'm not expecting too much before "The Day that shall not be mentioned" occurs on May 11th. A bit of a run up, I hope. I'm rooting for all the miners out there! Give that price hell boys! But until I see us really break out of this:
A chart I snagged from my Trading View blog.
https://www.tradingview.com/chart/BTCUSD/riwBdVhv-Still-in-the-woods-fellas/
Once again this is based off of my own research. Here is a link to an article where someone else sees that the same could occur:
https://bitcoinist.com/bitcoin-analyst-who-called-3200-bottom-in-2018-thinks-this-trajectory-is-next/
The same guy that pegged the BTC bottom at $3200. It's an interesting SHORT read! Hahaha! Enjoy!
Haven't forgotten about getting back with y'all about SHORTing "The Turtle" - U.S. Treasury bonds into the summer and possibly further.
Check out my previous post to get caught up, but, more on that Monday.
Anyway, you guys and gals enjoy your weekend, or what's left of it wherever you are.
Oh yeah, and thank you to all the readers who sent emails to [email protected]. I appreciate all of the comments and opinions.
Sincerely,
Jose Cansebro
Sunday May 3rd, 2020
17:10 UTC
CHEERS! and Let's Make Some Dough!
