My trade: active long since $3490
Bitcoin is in up-channel within larger down-channel.
200 daily MA (red line) is forming the upper edge of the down-channel (log downtrend).
Bitcoin has broken above the cloud and successfully retested 100 MA (green line) as anticipated, showing some strength imo. Currently riding the up-channel median.
I expect test of top of up-channel, with possible break out above.
Other active trades: Bitcoin Cash BCHUSD (BAB)
Bitcoin is in up-channel within larger down-channel.
200 daily MA (red line) is forming the upper edge of the down-channel (log downtrend).
Bitcoin has broken above the cloud and successfully retested 100 MA (green line) as anticipated, showing some strength imo. Currently riding the up-channel median.
I expect test of top of up-channel, with possible break out above.
Other active trades: Bitcoin Cash BCHUSD (BAB)
Comment:
Heavy dump, but 100 MA support still. I lost about 50% of profits so I will just hold, can dump. Loss of 20 MA (blue) and I will probably exit.
Comment:
If you extend the channel (linear chart)
Comment:
Still comfortable on BTC, that's why I don't like to buy break outs. If this is a bear flag then we should move to 5k to complete flag. See above chart
Comment:
Trade still active
Trade closed: target reached
