As much as I am against buying the top I believe that we will have one more final push to test ATH. This was the correction that was needed for BTC to accumulate and retest.
On this four hour chart I show a double bottom touching the purple line. I entered at 17850, and have set stop losses at 17650. If it passes the 18200 level on this chart (middle band) we are in the clear to retest the neck line of the double bottom. If it passes the neckline ~18500 then we are off to the races.
Happy trading and will be updating this post as the trade continues.
Trade closed: stop reached
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So I moved my stops up to 18,000. If the 4 hour cannot close above the 18175 middle band then we are headed down. maybe even sub 17.6K levels.
Happy trading!
Trade active
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Yo so just an update on my current trade. Still in the long for the double bottom. stops moved up to new levels