BTCUSD failed to break above 7.150. The bull run was short-lived. We are back into a demand zone (blue box) that worked multiple times this year. The apex of multiple triangles is closing.
A fair strategy would be to buy at the bottom of the blue box or closer to 6.200 USD - with a stop placed right below 5.900.
If 5.900 is breached, then we should consider shorting.
A fair strategy would be to buy at the bottom of the blue box or closer to 6.200 USD - with a stop placed right below 5.900.
If 5.900 is breached, then we should consider shorting.
Comment:
Higher Low printed. Still waiting for a Higher high and then a break out from the resistance.
Comment:
Is this another higher high on the daily? Wait for it.
Comment:
Higher high --> Check.
Apex of triangles closing. Wait for the volume kick-in and break of the triangle - in any direction.
Apex of triangles closing. Wait for the volume kick-in and break of the triangle - in any direction.
Trade active:
SL: 6400 USD Daily close
