I am really loving how the Bitcoin charts are looking these days. This pump has led to some great gains for those that are not only holding, but of course trading and catching some profits.

Bitcoin is not showing any signs of letting up anytime soon. If you look at the chart, the next real resistance level isn't until we hit near 50K! That's where the next order block is sitting which was the last big pivot point in the market. Let's zoom out and get a bigger picture, shall we?

Looking from the previous top, we see that Bitcoin doesn't have any real resistance until that 50K level, and then the next big target is the previous cycle's all time high! Not it's not going to get there tomorrow, but you get the idea of where we are going in the future.

ETF News Is Helping

The fact that these ETF's are getting pushed hard by the big institutional players and some strange things Gensler has let on lately, tells me that there is a wall of money waiting to come in, so we, as small time retail investors need to be stacking our sats and need to be ready for the ride! Although we know that Bitcoin doesn't need an ETF, the number go up cult that is the Bitcoin maxi pads want you to think otherwise. With Saylor and company coming in and buying up like 5 million dollars worth of Bitcoin, it's helping drive the price in the right direction.

Looking for Entries

I am currently looking for a place to put in an entry on my next swing trade. I am going to be saving part of my HBD stack to trade Hive, but the other to trade Bitcoin and Litecoin using the Hive Keychain swap features.

From the looks of the 1 HR chart, the pump seems to be loosing a bit of steam on the short term, which has me looking to see if we are going to lost the 20 period MA, which on this chart is the basis line for the Bollinger bands. If we lose that, I am looking for an entry around the long period MA which in this case is set to the 100 period, that would be around 34.7K.

The other sinario is that we consilidate here and keep going up. In that case, I will buy in on the next big green candle and try and ride that wave up. I may end up going on into the 15 minute time frame to look for better entry points as well. So it's just a waiting game at this point.

Overall I am super bullish at this point. The government is loosing their narrative with every passing day and more and more people are beginning to see what we all have seen for quite a while now. If you are new to this space, you are in the last of the 'we are early' phase. Once the big boys start to come in, it's going to be a whole new ball game entirely!

Be safe out there and happy treding!

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