BTCUSD Long Shot
Updated
Sorry for the late idea but just now got back to my computer to post. Long BTCUSD @ $7684 on the 1h chart. Notice the RSI & MFI indicators broke the mid-line to the upside and price closed above the 50 SMA buy/sell line. I was also on the lookout for this move thanks to the work of Dr. Charles Nenner. Highly recommend you check out his cycle research if you haven't already. Idk how many times I've mentioned him in posts, but I'll continue to until everyone on here gets onboard. Gotta know how to enter/exit/manage risk, but he can help you not swim against the current.
Trade active
Took a day's pay profit off the table and moved stop loss to $8152 - right below the previous 4h swing high. No target, just going to trail it with the ATR until I get stopped out.Note
Before I get called out, yes, I realize my last post was bearish. Read further back on my strategy and you'll notice I'm an indicator guy. Indicators say go, I go.Trade active
Stop moved to $8500
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