BTC Trend Break & Rejection
Atualizado
BTC came within a couple hundred dollars from hitting 100k before pulling back. Nice flush after the ascending channel break too. I'll be watching the uptrend line below for a potential bounce spot if it continues lower. It seems likely to me it will retrace some more before going back to 100k if it does go back, but hard to say. Important thing is what does it do after we've spent some more time in the area. Should be interesting.
Trade ativo
Ok just tapped the trendline and bounced a little. I'd expect a bigger bounce off of this, but if it breaks below that'll be a different story. Looking for a hold here and move back to 100k.Trade fechado manualmente
Oops never mind, wrong trendline sorry. There is a shorter term descending trendline it just hit and may bounce at now. The ascending trendline shown above is yet to be tested.
Will be looking for a bounce here, and then at the previous low around 95.6k. If those both fail, then the trendline above will be the next target.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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