Bitcoin short term important levels
Updated
It will have to decide. Was it a correction ABC or ABCDE correction.
Note
Expertly denied by the previous uptrend line. I suspect testing of the lower green cloud before continuation towards ATH.
Trade active
For now everything according to plan.
Trade active
Today India decided BTC is official legal, pushed it to next trend line.
Trade active
Bounced right of the channel.
Note
If purple channel fails I would be able to say that we are out of bull trend.
Trade closed: stop reached
My blue line held. If breaks, channel line next.
Note
This triangle is make it or brake it. Technically price action reminds of a typical 4th wave, which means we are still to see new highs.
Fundamentally, BTC should top out at the end of next month.
Note
Note
I would say bull has 66% chance and bear 33% chance. Big vertical red line is SegWit activation. Big risk where you should be out of long positions.
Trade active
Have my long in since (E).Lots of stop losses from bears on 2595. If we break 2600 we go moon.
Trade closed: stop reached
Closed long yesterday when it was obvious that we were in a bull trap.2200 seems like a good support to hit
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