The second strongest bull push this month just happened, which brings BTC back to the bullish channel. The big ass resistance of 60k is however looming ahead.
Despite the strong push back to uptrend channels, after such major push and now with the imminent 60k coming ahead, a pullback usually need to first occur before allowing BTC to rally further.
Should you are still holding long, it is probably better to keep them if they are held at 58k or below. But if you are without a position, I recommend for now to short - then long later on once support is reached.
This strategy will be invalidated if either of the orange channels are breached. If the top orange line breaks, a pullback will probably occur at 60k, and if the bottom orange line breaks, we will return back to bearish channel
Thanks for stopping by, I hope my idea can continue to assist with your trading.
Please feel free to check my older posts should you need clarification or to see my past trade results.
Despite the strong push back to uptrend channels, after such major push and now with the imminent 60k coming ahead, a pullback usually need to first occur before allowing BTC to rally further.
Should you are still holding long, it is probably better to keep them if they are held at 58k or below. But if you are without a position, I recommend for now to short - then long later on once support is reached.
This strategy will be invalidated if either of the orange channels are breached. If the top orange line breaks, a pullback will probably occur at 60k, and if the bottom orange line breaks, we will return back to bearish channel
Thanks for stopping by, I hope my idea can continue to assist with your trading.
Please feel free to check my older posts should you need clarification or to see my past trade results.
Order cancelled:
the jumps happen from sec news, i realized late, chart cant win vs rumor. btc is now bullish all the way, tiny chance of bear for now
