Bitcoin in a slight recovery.
Updated
Welcome guys,
BTC has managed to maintain 41K support for now, therefore we see a slight opportunity to go LONG.
We're still inside the falling wedge formation, which mostly ends up breaking upward. But there is still a change of a 3rd downward leg. So take this trade with TIGHT stop loss. We will take profit at 44K.
I am not a financial advisor and i'm doing this purely for documenting my own activity, like a financial dairy.
BTC has managed to maintain 41K support for now, therefore we see a slight opportunity to go LONG.
We're still inside the falling wedge formation, which mostly ends up breaking upward. But there is still a change of a 3rd downward leg. So take this trade with TIGHT stop loss. We will take profit at 44K.
I am not a financial advisor and i'm doing this purely for documenting my own activity, like a financial dairy.
Note
a daily close under $41,266 = stop trade.Note
It's not looking good. We lost our support. We will stand in the sidelines, waiting for better opportunity.Trade closed: stop reached
If before comment wasn't clear. We are not in a position at all.You can short if you'd like, but we will wait for a better opportunity.
Note
BTC still hanging in the zone..Note
Bitcoin revisiting ''the zone'' is not a good thing. Best thing to do right now is stay neutral. We might visit 34k again.Note
As we have said on our comment before. Bitcoin hit 34K our green box zone.It broke our descending wedge to the downside as well. We will post a new idea on how to trade these price ranges.
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