Long

BTCUSD breakout

Updated

BTC broke resistance and is now retesting it as support. If it holds, it will go to the next resistance, which is target 1 and coincides at a fibonacci line. A slight pullback after that can be expected. If the bulls aren't tired yet, they can push through again to target 2.

If I made you money, please consider me buying a beer:

LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs

Note

EDIT: stoploss should be 15500, since it can also retrace to the fibonacci line. Keeping it just under that fibonacci line will ensure that your stoploss won't get triggered with a bullrun just after that.

You can adjust the stoploss to your own liking to ensure more (or less) wiggle-room.

Note

Wait for the candle to close below support. If it does: sell!

Order cancelled

Support broke, trade not safe anymore. Risk outweighs reward now.

Note

Small support at 14600 can be expected. Doubt it's going to hold though. 13.4 is stronger, but I think a test to 11.8k is inevitable.

Woolhead

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