Bitcoin has been following and have not broken through this blue trend line since April. Right now we see a lot of Doji candles, and candles with long wicks, that tells me there is confusion in the market, and we are not sure where BTC could go. As well, we have the 55EMA acting as major resistance. For me personally, thats 3 easy and simple indicators telling me we are trying and we cant, i can see BTC losing fuel soon, probably next 14 days we could eventually see btc under 20k, confirming the bull trap, and possibly make new lows this year.
Trade active:
Currently Shorting BTC @ $23,545 and will add more above 24k, if necessary.
Trade closed manually:
used 20x leverage, was up 60%, profit is profit, not everyone can make $600 in a day. will wait for another pump.
Comment:
Bitcoin is obviously above my trendline but that's okay, for a long term play it could bounce off the trendline to continue uptrend, so around 19.8k region will be good long position