NikaJourney

Waiting on Trendline Support or Fail For Move

BITSTAMP:BTCUSD   Bitcoin
This currency is technically is a very large range, and the war isn't making it get any more steady. Even though my bullish trendline has been very respected, I'm starting to think it may have run out of steam this week.

If my trendline is broken, we'll probably make it back to 38810 zone and even further down to the 34652 zone.
If the trendline is supported, we should make it to 49188 zone for a solid higher high.
Here are the TPs:

BULL:
• 41620.37
• 43660.12
• 46090.47
• 48781.20

BEAR
• 41056.18
• 39797.61
• 38929.63
• 37150.27
• 35804.90
• 34936.92
Trade active:
BULL TP1 hit during New York session March 22nd
Trade active:
BULL TP2 hit on March 24th.
BULL TP3 hit during market open on March 28th.
Trade active:
With Russia and Ukraine both using crypto during the war, Bitcoin has become unstable. We may be ranging in the prices I picked until the war stops or something else can bring back stability to this currency.

So this pair may not close anytime soon for now.
We have a break and retest of a trendline I made to indicate we may be going back to the starting point if not by the end of the week, next week.

So for now, I'm just range trading with this pair until price finally chooses one solid direction.

THIS TRADE IS ACTIVE UNTIL ALL BULL OR BEAR TPS ARE HIT.
Trade closed: target reached:
Happy Mother's Day!
This trade is closed with ALL BEAR TPS HIT AS OF TODAY May 8th, 2022.

Here's when the other BEAR TPS were reached:
BEAR TP1 was hit on April 11th
BEAR TP2 was hit on April 11th.
BEAR TP3 was hit on April 18th.
BEAR TP4 was hit on May 5th.
BEAR TP5 was hit on May 5th.
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