BitcoinLong
BTC on the daily. History repeats?
Yes we're still in the downtrend, but comparing the past days with late april, I'm putting my positions back in again (got them off in Tether the last weeks). What we see:
Target can be set to retesting the downtrend line. Stop loss @ around 5500-5600. Don't set it to tight towards the 5800 as it may be touched again.
- Almost similar daily candle behavior
- Divergence (not always valid, so be carefull with it)
- Clear bottom hit at around 5800
Target can be set to retesting the downtrend line. Stop loss @ around 5500-5600. Don't set it to tight towards the 5800 as it may be touched again.
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