Long

BTC Breakout Imminent

Updated

The 4hr RSI and PA shows a clear Parabola Coming down from above, but the Daily PA also has a Parabola beneath it. Volume Decreasing. Range Tightening. Volatility Incoming.

On LTF we are also moving inside of an Ascending Triangle, and inside of a second Mini Parabola. I favor a break of the Parabolic Resistance thus my Bias is Bullish for the upcoming Breakout out of the Apex.

My Stop Loss for this Trading Idea is around 9840 XBT/USD

Note

RSI Res and D-Parabola Smashed.
Swing TP1 around 11.2
Swing TP2 around 11.7
Swing TP3 around 12.5
Scalp TP around 10440ish & 10700

Note

Stop Loss moved to Breakeven around 10.1K

Trade closed: stop reached

Got Stopped out at Breakeven.
Reentered at 9970 Small Size High Leverage Long
If Price bounces I will start to build a kid term short position.
If price fails to bounce and breaks 9970 Support I will look to add a momentom short stop order at 9800

Note

Added to long @10040
Watching PA closely for confirmations before adding more
Still bullish until we break and close beneath Daily Parabolic curve

Note

Update Currently In Longs from under 10K. I set the SL at 9840 XBTUSD as it didn't break and will go to bed now. After getting stopped out and not taking profits on the fake out I overtraded slightly and took stupid positions.
Fomo is Real. LeRnInG by DoInG TiMe & TiMe aGAiN

Note

Played Out! Well
Scalp already closed both TP Targets and Swing is still in Play

I will be looking to buy the dip from here on if the daily holds the breakout price upon closing

fab-e

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