docfresh

Bitcoin breakout watch

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This 3 month range/triangle may resolve soon. BTC /USD is in a position to break out, if price moves not too far up from here. It would not take too much, IMO, to generate the short liquidations and FOMO from here. A buy stop order could be placed above the recent swing high, shown here at 6834 on coinbase (red line)

I have been long since 6200 on 9/18, with daily bear trap candle.

Fakeouts are possible, but I think this bullish thesis can remain intact as long as we do not have a daily close below 6100.

#notfinancialadvice