Last week our BTC chart broke our entry for the buy and hit TP1 before reversing and hovering just below our entry, previous chart is still in play for both however I have updated these lines for the new week given the current daily candles.
I will only enter these zones if they cleanly brake at least 20 pips and close. This is due to wicking that can occur once an entry is broken.
I post these charts for me to follow my progress for my analysis week on week as well as following myself whilst in the trade, anyone is welcome to followed provide their own thoughts. We are all in this together.
Dear friend, to be honest, this trend is #BULLISH and we are facing accumulation right now, 52k is, what is termed "resistance line " which i don't believe it. Last but not least nothing is absolute... i like the way that you share your ideas and thoughts, keep it up
TBATrade
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@Satoshi-SK, Hi Satoshi, I hope you are well, thank you for the comment on the chart, I agree that Bitcoin is bullish and 100% agree that nothing is absolute and things can change within trading. The 52K resistance line is where my TP1 was last week after my buy entry broke, it did not fully surpass that afterward and went back below to accumulate just above the entry. I believe Bitcoin will sore higher and higher, I trade more for the short term then long term hence my close TP's as I'm still learning and trying to develop the confidence for longer term holds in either direction in any pair I trade. Thank you for your thoughts which I will take into account and ill be sure to follow you. Have a great week trading.
Satoshi-SK
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@TBATrade your welcome friend. And one more thing, BTC. Dominance is decreasing therefore #AltSeason is approaching.... Stay alert
i like the way that you share your ideas and thoughts, keep it up