BitcoinLong
BTC play is still looking good.
The ascending triangle possibility is still in play. The volume is still shrinking which is a good support for this play.
The RSI has come out of the oversold area which is good to note. Could be a bearish tech but with it in the oversold area for the past week durning this hectic time I think that weakens the bearish sentiment to that signal.
If you managed to open a long position after my last post, we are up 11% on it. Time to move up those stops and take profit if that's what you are looking for.
If we can break this triangle look to the 7k area. In the macro perspective, this could be a bounce before a next downturn too. So if we do break that triangle and bounce, I'll keep adjusting those stops and taking profits.
Let's see what today brings!
Thanks for reading and make sure to like or comment.
The RSI has come out of the oversold area which is good to note. Could be a bearish tech but with it in the oversold area for the past week durning this hectic time I think that weakens the bearish sentiment to that signal.
If you managed to open a long position after my last post, we are up 11% on it. Time to move up those stops and take profit if that's what you are looking for.
If we can break this triangle look to the 7k area. In the macro perspective, this could be a bounce before a next downturn too. So if we do break that triangle and bounce, I'll keep adjusting those stops and taking profits.
Let's see what today brings!
Thanks for reading and make sure to like or comment.
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