WHY this Weekly Close is SUPER IMPORTANT. BITCOIN.

No need for advanced TA on this one. 3650-3700 is a historical level on the weekly chart. IF this weekly candle closes above it, which doesnt look super likely right now but IF, then we should have a rally upwards towards 4600-5k area.

If there was EVER a chance for a bounce in the destruction that BTC has caused the last few weeks, the next 14 HOURS are prime for it to happen.

Ill keep updating the this post with real TA. For NOW, Bulls need to step UP!

T MINUS 14 HOURS AND COUNTING.

Please leave a LIKE and I will keep updating with what I think is happening as Sunday progresses. Thank you.

-Alex 'Are you not entertained?' Copenhagen

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Am currently in a long btw. Entry 3400. Tight stop loss. Red lines above are targets.

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For those wondering about what historical weekly level im talking about. Here it is from back in Sept 2017.

Trade active:

Always nice to get an alert for first target hit while you’re out on a dinner date. ;) hit me with a LIKE will ya.

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Moved STOP up to breakevenish.

Depending on how far price moves away from your entry you always want to move your stop to a level where you feel like your trade has become invalidated. Dollars dont matter as you shouldnt be risking more than what your strategy allows on each trade.

Learn this stuff.

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Target 2 reached. We ballin boys.

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Target 3 moved down to 3690. And filled. I will most likely look to add again to the position once we find support. We trade hard here.

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Correction: 3590

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3650 is gonna be massive resistance. Lets see if we break it. We have 6 hours left till the weekly closes. Not looking good right now. Thats why we take profits.

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gonna wait to add to the position once we have found support at 3650-3700. since higher chance of going up to 4.6-5k

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4H just closed very badly. This aint lookin good Traders. Gonna take a miracle at this point. 4 hours to go till weekly close.

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Gonna get some sleep. 3am here. Will try and wake up in 3 hours and check up on the Price action. Later.

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Alright fellas. Weekly close was WEAK. But not too bad.

The BAD: We didnt close above this last resistance at 3660.

The GOOD: We closed above last 2 weeks lows.

So while it wasnt the MVP I was looking for, we still have some hope. If youre not long yet, I would wait till we break this next resistance or long around 3500 area or an area where we find support.

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Remember to leave a LIKE fellas. I got 3 hours sleep to update this.

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For those looking for to get long who didnt yet. This would be the best spot to do it. Great R:R.

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Heres the next ETHEREUM trade im taking as it looks like its ready for a push up. Take it or leave it. Will be updating it regularly as Im in the trade myself.

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This DOG needs to hold.

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Trade closed: stop reached:

Stop hit as we broke under support. I managed to take profits twice as well as a small scalp for 25% of my position.

Go ahead and leave a LIKE if you want more trade ideas with live updates.

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I have a story for you about the Great Warrior BITCOIN. Read about what Path he chooses.