Continuation or Down
Updated
BTC has been wild lately.
Here we have a possible continuation pattern - pretty straight forward.
Breakout will be above point (D) at ~5273.33CNY / Confirmation above (B) at ~5378.22CNY
The pattern will be invalidated with a break below (C) ~5060.37CNY
Here we have a possible continuation pattern - pretty straight forward.
Breakout will be above point (D) at ~5273.33CNY / Confirmation above (B) at ~5378.22CNY
The pattern will be invalidated with a break below (C) ~5060.37CNY
Note
Whoooosh.Looking to hold above breakout zone and push over confirmation now.
Note
Confirmation line broken. Looking for a close over now to continue trade - may pull depending on how top reacts.Trade active
Confirmation line becoming potential support.Trade closed manually
Support obviously not found this time. Closed around 5430CNY on the way back down. Time to give this a wait and see how it plays out as the days continue.
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