BTC 1H/15m seems to be consolidating within a possible descending triangle (DT) and parallel channel. I will re-enter shorts if we reject from the 50 1H EMA again or if the DT pattern breakdown confirms.
My first levels to take profits are retests the middle/bottom lines of the channel. Final level to take profit/enter longs would be if the DT pattern plays out for about 11% down from the horizontal support to $42,800.
My first levels to take profits are retests the middle/bottom lines of the channel. Final level to take profit/enter longs would be if the DT pattern plays out for about 11% down from the horizontal support to $42,800.
Trade active:
Took profits @ mid line breaks and full position closed at 44,400. Ready to long