BitcoinShort
BTC Weekly Close Rejects 1.61 Break.
I made a couple attempts at buying BTC. One just before the spike over 100K. Went up for a while and hit a breakeven trailing stop. Secondly I tried into the head fake low we had recently but cut that for a small profit yesterday.
In the bull setup I'd have wanted to see a much cleaner bounce off support. Seeing a range around support and indices trading into resistances has a more bearish tone to it.
If the 1.61 is failing to break we usually pullback to at least the 1.27 and if that breaks we usually see a slam.
Stop for bears have to be above the 1.61. Regaining the 1.61 would usually be very good for bulls here.
Protect profits at 1.27. If that breaks, big pay off it possible.
In the bull setup I'd have wanted to see a much cleaner bounce off support. Seeing a range around support and indices trading into resistances has a more bearish tone to it.
If the 1.61 is failing to break we usually pullback to at least the 1.27 and if that breaks we usually see a slam.
Stop for bears have to be above the 1.61. Regaining the 1.61 would usually be very good for bulls here.
Protect profits at 1.27. If that breaks, big pay off it possible.
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