Short term Long from lower channel
Bitcoin has found support off bothe previous resistance at 6450 and lower ascending trendline providing a nice opportunity to go short-term long.
Target: 6730
- Rejection of SR level
- Support of ascending channel
- Bullish divergence
Target: 6730
Trade closed: stop reached
Bears finally got the better of bulls. Disappointed in myself for not pulling out of this one sooner as I saw the warning signs. Bitcoin was failing to break above the Fib 38% level with progressively lower lows and lowering of momentum before eventually breaking the trendline.
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