NOT A FINANCIAL ADVISOR!
This is very speculative and on the 1H therefore take this information with caution!
There is the possibility that an Adam and Eve is forming on the 1hour.
This might lead to another try to hit the 20K level...
If that is the case ... the more this level is tested the more likely it will break!
I am not placing any trade but
if you are doing that, do consider a stop loss below Adam's wick!
This is very speculative and on the 1H therefore take this information with caution!
There is the possibility that an Adam and Eve is forming on the 1hour.
This might lead to another try to hit the 20K level...
If that is the case ... the more this level is tested the more likely it will break!
I am not placing any trade but
if you are doing that, do consider a stop loss below Adam's wick!
Trade closed: stop reached:
Price did not break the neckline to the upside and currently this trade is about to be stopped out!
Regardless of it goes higher or lower and for the sake of idea update, I will set it to stop loss was reached.
Regardless of it goes higher or lower and for the sake of idea update, I will set it to stop loss was reached.
Comment:
It looks as BTCUSD broke a trendline and is currently retesting it!
