squeeze between blue and purple channel is about to end in favor of purple. I am waiting for 7500-7700 to go long and forget about it for a couple of days.
Comment:
Moment of truth: How are we gonna escape the bottom of the purple line with current price at 7525$? to the upside following the rising purple channel, or down fowoling the blue channel? I am long in this, but tomorrow morning will decide wether I am right and hold the position, or if I am wrong in case BTC breaks below 7200$, in which case I'll terminate my position immediately.
Comment:
Target for today is $8000 (+/- 50)
Trade closed: stop reached