I went long at $3640 when price broke the downward trend it'd been holding for the last few days. I'll scale out at the 3 resistance points I've identified. Stop loss set right where my entry price was. I'm guessing that, longer term, price is headed to major support around $2800, but short term I'm expecting this bounce.
Comment:
on 9/25, BTC broke through the blue resistance line then sharply pulled back to the second resistance line I identified. Price is either consolidating now or forming a triple top to head lower. Look for a break above $3975 for bullish confirmation.