Welcome guys,
BTC has managed to maintain 41K support for now, therefore we see a slight opportunity to go LONG.
We're still inside the falling wedge formation, which mostly ends up breaking upward. But there is still a change of a 3rd downward leg. So take this trade with TIGHT stop loss. We will take profit at 44K.
I am not a financial advisor and i'm doing this purely for documenting my own activity, like a financial dairy.
BTC has managed to maintain 41K support for now, therefore we see a slight opportunity to go LONG.
We're still inside the falling wedge formation, which mostly ends up breaking upward. But there is still a change of a 3rd downward leg. So take this trade with TIGHT stop loss. We will take profit at 44K.
I am not a financial advisor and i'm doing this purely for documenting my own activity, like a financial dairy.
Comment:
a daily close under $41,266 = stop trade.
Comment:
It's not looking good. We lost our support. We will stand in the sidelines, waiting for better opportunity.
Trade closed: stop reached:
If before comment wasn't clear. We are not in a position at all.
You can short if you'd like, but we will wait for a better opportunity.
You can short if you'd like, but we will wait for a better opportunity.
Comment:
BTC still hanging in the zone..
Comment:
Bitcoin revisiting ''the zone'' is not a good thing. Best thing to do right now is stay neutral. We might visit 34k again.
Comment:
As we have said on our comment before. Bitcoin hit 34K our green box zone.
It broke our descending wedge to the downside as well. We will post a new idea on how to trade these price ranges.
It broke our descending wedge to the downside as well. We will post a new idea on how to trade these price ranges.