BTC did not able to close below lower range. Reasons to open long: Found support in uptrend tendency. Found support in 0.5 fib. Found support at RSI tendency. Target: 10450 USD. Stop losses: 10020 USD.
Just open a long position on LTC. Breaking a descending wedge.
After rejection of upper range and moving inside a ascending wedge, I have opened a short position. Target lower range. SL Abover lower range. Flip position in invalidation.
BTC is close to make a big decisión, the range is getting more and more tight. I bet for a test in both directions and then a bigger move shortly after, Upper range for longs: 4 hr close above 10450 USD Lower range for shorts: 4 hr close below 10100 USD Following my idea of August 27, is on the bear path. Lets see...
Still ranging inside the big triangle. After rejection (again support) of 10000 USD. I opened a long position. SL below of previous impulsive 4 hr candle, 9990 USD. Take Profit at 10550 - 10650 USD area.
BTC first long with target at 10550 USD (SL below low previus 4h candle). Invalidation flip short. After that, big short from 10550 USD with target on the base of the big triangle. Invalidation flip long. Nice weekend
BTC after test de upper side of the big triagle, failt of breakout. Also a big bearish divergence was drawn in RSI. I opened a short position with target in the support line of the last up movement. BTC bounced from that support line to the main uptrend line drawn from March. Apologize because I was occupied thos morning and had not time to post it The...
Invalidation of my short position make me flip position. Long until at least 10950 USD. Stop losses at 10590 USD.
We are going to be ranging inside this simetrical triangle a few more days. Bull break o bear break?
After pump it to 10750 USD, BTC could not break resitance, so now it is time to short.
Bitcoin in the base of a descending triangle. Good Place to long, likely Bitcoin will test again upper side. Stop losses: 9.1K. If bitcoin breaks down, next support around 8.8K. Nice Weekend to everyone.