Our last BTC update pointed out the key level acting as resistance.
Although our support broke, we formed a higher low before exploding up to 30k and coming back down.
We've since broken the resistance and are currently backtesting it as support. If you were to bet on btc breaking 28,800 then you could strategise an equitable trade with the shown take profits and stop losses.
Although our support broke, we formed a higher low before exploding up to 30k and coming back down.
We've since broken the resistance and are currently backtesting it as support. If you were to bet on btc breaking 28,800 then you could strategise an equitable trade with the shown take profits and stop losses.
Comment:
First TP hit now we wait for the second. Easy money
Comment:
Second TP hit and taken at 31k. We are completely out of this leveraged trade with over 100% taken profits.
Comment:
Should we break 31k then a next major move could begin where we might have the opportunity for another leveraged trade
