Probably the best possible setup that has been presented in the last few days. I was looking forward to this recovery and retesting $1.5.
As long as it stays above the level, things will be bright. Below and I should start to cut the trade.
Momentum should build above $1.63, but I decided to take the trade now as I have a clear invalidation zone in case it turns against me.
As long as it stays above the level, things will be bright. Below and I should start to cut the trade.
Momentum should build above $1.63, but I decided to take the trade now as I have a clear invalidation zone in case it turns against me.
Trade active
Reached the first TP at $2Taking some off and waiting on a price reclaim above that level.
This one seems to have enough strength to keep going!
Note
I plan to re-enter around $1.75 or close to it, aiming to ride it back up to the recent high of $2.The situation looks relatively healthy. If
OTHERS assets remain above current levels and 
BITCOIN stays strong, it should follow suit.--------
I plan to re-enter using some of the profits taken at the first level!
Note
Price came back to the entry area. One key observation is that it held the level, suggesting that it has been consolidating here. I believe we could see a trend develop around October or November.
For now, this is my focus. Once the $2 level is broken, I anticipate a strong move upward.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.