Long

BTC at his support

Updated

Can we sustain and hold the trendline and support zone?

I would say, its time to move up. :)

Note

Be careful: If we extend the bottom trendline to the last wick, we can see, that it correlates nicely with the last support at 9.8k. ;)

Note

Even with TL extended to the last wick, that would mean a "higher Low". So all signs still bullish for BTC. :)

Note

And BTC tapped perfectly the extended zone. ;)

Trade active

Now perfect time for BUYS.

Note

All my current ideas in the screenshot. ;)

Note

BÄM :D

Order cancelled

Stop for now, very choppy price action and we could see further kinds of pullbacks.

Note

Dangerous area. We touched support multiple times and the often it got touched the weaker it becomes.
We have to get in our minds that we could also see pullbacks to 8.5k and even to 7.3k, because there are important Fibonacci levels and also the 200EMA is aligning nicely with the 0.5 Weekly Fib.

Trade active

BTC just did a quick retest at the support zone, right under the trendline and pushed up.
It also pumped through the 10.3k barrier and is NOW retesting this.

Perfect time to go long now. Trade active!
SL 10.150$.

Kelthogar

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