Updated

Things to consider while trading this "breakout"

Trade carefully, There have been many fakeouts on btc - this could end up being one of them. Till i see btc breach 10,000 again - i will trade any bullish breakouts with a neutral bias. I am unsure of this breakout, But am willing to trade this on the long side based on short term timeframes only. As long as btc is below 10,000 area - i aint getting long term bullish.

Break 7150 again, And its likely headed much further down.

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IMO this is no trade zone for me personally. A break of 7700 would be a better signal than buying here.

I would either wait for a retrace or break of resistance before getting involved in any positions. I'm flat here. 7500-7600 is no trade area for me.

7150 would be the decider if it retraces there- Break 7150 - Bearish, Hold 7150 bullish.

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oh sorry forgot to add that daily 200 SMA comes at 7900-8000 area. Heavy resistance area here+ ascending wedge forming. Not looking for buys atm.

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Any sign of spx falling n im shorting this!

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Holy shit almost 8200!! All shorters got rekt holy crap! Moving averages doing fuck all!

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I didn't take any trades cuz of the above mentioned reasons, missed out on the entire move even though my plan was on point.

lesson i learned here being stick to the damn setup!!!

I got no idea when this rally is gonna stop, And no idea wtf is going on atm. I aint trading this atm!!

Trade closed: target reached

Yep Its gonna be interesting few days ahead, Im happy that green trendline was not broken, But i am also sad that i missed out on trading the move even though i was right on my analysis.

So lesson learned is analysis != Trading!! Need to improve as a trader!

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