Update on BTC after yesterday's inverse BART
Updated
So, BTC broke the uptrend support line and fell down to 3740 (twice).
Pumped right after (did an Inverse BART) and back to where it was yesterday.
I believe, we've been rejected from the downtrend line marked in red. Short Term downtrend line marked in pink is not confirmed yet.
Next move should be DOWN.
In case something magical happens and BTC breaks 4k, it could easily move to 4140-4300
How can you trade this?
If you love risks - SHORT now with one order around 3990 and a SL at 4030
If you like to play it safe, wait for a break out on either side of this new triangle. TOP (4030) and BOTTOM (3720)
If you are convinced it'll drop, SHORT now with SHORT orders at 4140, 4280 and 4370 with SL at 4440
What am I doing?
I'm in a SHORT right now with average entry 3967 and orders at 4140, 4280 and 4370.
Let's see what the next 4 hourly brings us.
Pumped right after (did an Inverse BART) and back to where it was yesterday.
I believe, we've been rejected from the downtrend line marked in red. Short Term downtrend line marked in pink is not confirmed yet.
Next move should be DOWN.
In case something magical happens and BTC breaks 4k, it could easily move to 4140-4300
How can you trade this?
If you love risks - SHORT now with one order around 3990 and a SL at 4030
If you like to play it safe, wait for a break out on either side of this new triangle. TOP (4030) and BOTTOM (3720)
If you are convinced it'll drop, SHORT now with SHORT orders at 4140, 4280 and 4370 with SL at 4440
What am I doing?
I'm in a SHORT right now with average entry 3967 and orders at 4140, 4280 and 4370.
Let's see what the next 4 hourly brings us.
Trade active
Lots of profits locked.But letting 20% run if we do break this wedge
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