Yesterday BTC price started a fresh increase but really faces a hurdle near $45K (strong resistance area). Price may drop to $33266 but personally, I don't want to start a SHORT trade because on the weekly chart pair is trading in the near-weekly resistance area and above SMA.
To start another increase the price must settle above the $45500 level in the near term if not then might be a downside correction (head and shoulder) below $43000 towards $33266 continue.
This is not financial advice, please do your own research.
To start another increase the price must settle above the $45500 level in the near term if not then might be a downside correction (head and shoulder) below $43000 towards $33266 continue.
This is not financial advice, please do your own research.
Trade active:
Sold from 39 and target is 33XXX (Trailing Stop)
Trade closed: target reached:
Trailing Stop Reached, at least earned something