BTC back on track?!?

Updated

It look promising, if we close the 1H breaking up that triangle. We have at least 3 indicators showing a bullish sign. If BTC fail to break it up it is probably going back under the cloud to 10.5K and from there either bounce back and try to break resistance again. We saw a strong buy wall around the 10K. Now you got options to act or wait on the side line. The choice is yours.

Trade active

let's wait 20 minutes and see where that candle close.

Trade active

OK, now the 1st candle on both 1H & 4H closed above. You can put a buy order now if you are impatient which is not good for trading ;) or you could put a buy limit at $11800.
I will update with target shortly.

Note

1st Target $12800
2nd Target $13250
3rd Target $14200
SL : 11K

Note

I hope you were not impatient and open a buy position but as suggested waited with a buy limit @ 11.8K. I think it will bounce again on the lower trend line to test again the break out, a little late to short now but you can long on the way back up to the resistance and take a little profit AT THE RESISTANCE. And we'll see if this time it finally break out.

Note

PS : I might also be all wrong and we might see BTC break the 10K and on its way to 8K area.

Note

BTC tested once more the 11.5K resistance. We can only watch and wait for the outcome...

Trade closed: stop reached

A lot of uncertainty is still around that "triangle", not even talking about Tether or all the good news from Korea. I am waiting now on the side line. I will suggest to do the same.

Med_In_Trade

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