It seems there is a strong support in this area and price must be taken higher. Previous shorts were closed yesterday as I didn't like what I saw - huge selling volume was absorbed like a sponge. Obviously someone needs to unload his previously accumulated longs above the trend-line and psychological 8000 mark. It will be also nice to take it to the 61.8% fib before reversing down again. Longer-term I am still short the crypto. Long BTCUSD from here for an attractive risk:profit ratio.
p.s. click on "like" if you like the idea :)
p.s. click on "like" if you like the idea :)
Trade active:
Moving stops to BE - the trade SHOULD not return there. Next move - attacking trendline
Trade active
Trade closed: target reached:
Ding Dong target achieved and first sellers appeared. Taking profits as it's more than enough for the risk I had.