Hi Traders, Im actually gunna put more then 10 seconds of thought into this post and explaining my reasons and how i will play out this trade , usually i just post the chart with no reasons or how you should manage the trade ,or when to go breakeven. However this post i will explain everything.
Reasons for the long: @
BTC Has been falling for a while towards the end of this fall with have made an Ending Diagonal , which indicates to me a reversal is coming due to price squeezing.Price then eventually broke out and made a reasonable impulse up , we have then made a serious of corrections such as WXY & abc Corrections, I believe we should start rising as panic sellers look to have left the market and sold their precious bitcoins they bought at 10k+
Reasons for the long: @
BTC Has been falling for a while towards the end of this fall with have made an Ending Diagonal , which indicates to me a reversal is coming due to price squeezing.Price then eventually broke out and made a reasonable impulse up , we have then made a serious of corrections such as WXY & abc Corrections, I believe we should start rising as panic sellers look to have left the market and sold their precious bitcoins they bought at 10k+