In hopes BTC will honor resistance above $7,863, this is what i'm hoping the market will do. Ranging across resistance to fill in the volume profile notch and then a breakout when the upper trend line is hit. This will also allow the tail that was just created, to be eaten.
If resistance at $7,863 is broken, this idea is broken. Then next stop closer to $5k-$6k.
Let's see what happens.
If resistance at $7,863 is broken, this idea is broken. Then next stop closer to $5k-$6k.
Let's see what happens.
Trade closed: stop reached:
Looks like support was washed out. Idea burnt.
Comment:
Typo in Feb 2 Comment, meant "Ranging across support", not "resistance". Noob.