Exciting times, will BTC break out of the trend channel to climb to new highs - or will it rebound on the upper limit and fall back into the channel?
Actually the signals are bullish. RSI in bullish terrain, almost overbought. MACD had triggered signal line 2 days ago. And BTC about to leave the trend channel to reach new highs.
To be honest, I `ve been surprised, cause I had expected the BTC to rebound at the upper level, taking some air in the middle of the channel and making a second - and then much stronger - attempt to break the resistance.
That´s why I do not step in at the moment, I´ll wait some more time.
Whether I´m right with my expectation and I can re-invest at lower levels - or I´m not right and must buy at higher levels.
On the upside - till the next resistance at 6.723$ (fib retracement 78.6%) are about 13% benefits.
On the downside - till the lower level of the ascending channel are about 11% losses.
Even if I wait some more candles (4h) it would still be a good trade.
No trading advice.
Actually the signals are bullish. RSI in bullish terrain, almost overbought. MACD had triggered signal line 2 days ago. And BTC about to leave the trend channel to reach new highs.
To be honest, I `ve been surprised, cause I had expected the BTC to rebound at the upper level, taking some air in the middle of the channel and making a second - and then much stronger - attempt to break the resistance.
That´s why I do not step in at the moment, I´ll wait some more time.
Whether I´m right with my expectation and I can re-invest at lower levels - or I´m not right and must buy at higher levels.
On the upside - till the next resistance at 6.723$ (fib retracement 78.6%) are about 13% benefits.
On the downside - till the lower level of the ascending channel are about 11% losses.
Even if I wait some more candles (4h) it would still be a good trade.
No trading advice.