Short

Trendline break. Exiting trade.

Updated

Disappointed to see TFUEL break the trendline we had been siting on. Failed to break out of the short-term descending channel forming since hitting latest high at 154xx. Was hoping for another leg up. Exited in slight profit. I am a noob and this is my first analysis, would love feedback.

Note

Currently testing support at 10800sats. Next 4H candle will decide if we can see another move up in the short-term.

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Broke support at 10800. Most likely going to rest at mid-term trend line ~99xx sats.

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With BTC going up, Tfuel looks ready to take-off again. Will update if I open a long position.

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Broken out of the descending channel. Waiting for a candle close with higher low above the 10800 before re-entering.

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Double bottom on the 5M chart and an ascending triangle on the 1H. Let's see if we can power through the 11200 mark before opening a trade.

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Printed a red 4H candle with close at 10797. Would be nice if BTC could sit pretty for a few hours. Next candle to decide whether we enter.

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Broke through 11200 sats mark. Now we wait for candle close to confirm trend. Else can enter now with due risk and keep raising stop-loss so trade closes in profit should BTC start dumping again.

drjimbeam

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