BitcoinLong
C-Clamp Playing the bounce BTC/USD
Updated
Let's play a quick BTC Bounce!
Buyers are waiting.
Sell pressure is exhausted.
R:R for short is unfavorable + futures expiring.
Entered a quick long at 7300 (key support level w very tight stops.
Take profit levels are the fibs .5 or .618.
Cloud is also showing a C-Clamp when Tekan line diverge from the Kijun line.
Not out of bear territory but playing a counter trend trade, will adjust stops along the way.
Buyers are waiting.
Sell pressure is exhausted.
R:R for short is unfavorable + futures expiring.
Entered a quick long at 7300 (key support level w very tight stops.
Take profit levels are the fibs .5 or .618.
Cloud is also showing a C-Clamp when Tekan line diverge from the Kijun line.
Not out of bear territory but playing a counter trend trade, will adjust stops along the way.
Trade closed: stop reached
Stopped out correction base on EW was a flat correction with further downside. BTC strength is very weak
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