BTC Done sweeping lows?
While it is hard to predict what the impact the halving could have on volatility over the next week, it appears the BTC has swept the range lows, stayed inside the bull flag, and held OBV support. Bullish divergence on RSI 1HR confirms RSI reset is complete and we can (hopefully) start moving back towards the top of the bull flag over the next 2 weeks.
I am still holding my 5X long position that I DCA'd into between April 12th and 13th and managed to place my stop loss out of harms way. I did drop half of my position side so that I was risking 2.5% of my BTC margin account instead of 5% when we popped up to $64,500 on Monday. I will sometimes do this when my confidence in the trend direction is low.
Price target for this trade is $69,000.
I am still holding my 5X long position that I DCA'd into between April 12th and 13th and managed to place my stop loss out of harms way. I did drop half of my position side so that I was risking 2.5% of my BTC margin account instead of 5% when we popped up to $64,500 on Monday. I will sometimes do this when my confidence in the trend direction is low.
Price target for this trade is $69,000.
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