Not too much to say here besides Bitcoin is up against some strong resistance. It's really just about being patient here and letting the price action play out. Bitcoin can pull back a lot more to keep this trade setup active. My plan is to DCA trades every opportunity that is presented, with tight stops. The weekly RSI is a big thing that I plan to watch as we're in the bullish control zone and forming support at a coital level. Even a back test to
25
,300 wouldn't be that big of a deal.
Comment:
Bitcoin holding strong here, a lot is happening in these weekly candles.
Comment:
Bitcoin keeps getting rejected at the top of the gold box. Potential next move to the bottom of the gold box, $25,400.
Comment:
Position still open with my stop at $27,000 untouched. Bitcoin broke bake above the gold box on the 4H chart.
Trade closed: stop reached
Comment:
All my positions are closed now, just sitting on the sideline.
