Continuing the BTC trades.
As mentioned in my last idea, I closed the trade completely at Monday's range low.
If we reclaim, I'm longing towards Monday's range high.
As mentioned in my last idea, I closed the trade completely at Monday's range low.
If we reclaim, I'm longing towards Monday's range high.
Trade closed: stop reached
Weekly open remains a strong resistance.
Close under 48850 on the 1h and we'll see a bit more downside on the lower time frames. That's where I'll look for longs.
If we see 47794$ I'll long with big size and only closing if we lose the channel low support.
If this plays out, I expect Monday's high (50.5k) to be the last resistance before we hit 55.8k.