Thoughts? Looks like we may be forming the handle portion before going higher? I just don't think we are topped out just yet as BTC hasn't show the volatility that it has in the past on the tops of these bull runs.
Trade active:
So far trade is playing out. We've reached some resistance forming the handle. I would like to close and hold above 60k otherwise we might test the 52k-53k area again. Will be adding more the my position on either the breakout or the retest.
So far trade is playing out. We've reached some resistance forming the handle. I would like to close and hold above 60k otherwise we might test the 52k-53k area again. Will be adding more the my position on either the breakout or the retest.
Trade active:
Looks like we're currently trying to breakout of this handle. I added the Fib Extension indicator as well as measured the cup and handle for possible targets. Everything is on the chart!
Looks like we're currently trying to breakout of this handle. I added the Fib Extension indicator as well as measured the cup and handle for possible targets. Everything is on the chart!
Trade active:
BOOM! Power of Fibonacci
Entry should be as close to 52k as possible with a stop-loss underneath the channel and below the .382. IF we get a daily close below the channel, this will invalidate this idea and hit our stop-loss. Nobody knows which direction this will go for sure but too much confluence with this idea not to take a LONG entry.
BOOM! Power of Fibonacci
Entry should be as close to 52k as possible with a stop-loss underneath the channel and below the .382. IF we get a daily close below the channel, this will invalidate this idea and hit our stop-loss. Nobody knows which direction this will go for sure but too much confluence with this idea not to take a LONG entry.
Trade closed: stop reached:
Stopped out.....updated idea to follow
Still forming the handle. Also bullish divergence forming. Approaching bottom of the channel.