2nd April Bitcoin Looking for long trades.

Currently I am flat and waiting for a correction which might happen soon to go long again to target above 7500 up to 9000.

Trades will be posted below.

Comment:

Looking for a correction to 6800-6900 area to go long again.

Comment:

Just a warning, the current upmove is not bullish at all. If it changes direction I would start shorting again. But no confirmations yet.

Comment:

Comment:

Open 6900
SL 6750
TP 9000 But I can close anytime especially if price struggles at 7500.

Comment:

The upmove looks corrective for now, but there is at least one more leg up.

Comment:

Move SL to breakeven at 6900

Comment:

Move SL to 7000, watching this area up to 7600 carefully for any signs of reversing.

Comment:

Move SL to 7100

This is not the type of price action I am hoping if I was bullish. But there should be another upmove to around 7550 area, that might be the place I take profits and wait for a correction or signs of reversal.

Comment:

Area where I would be looking to take profits. If price keeps pushing up through 7800 I will probably look to short.

Comment:

Move SL to 7200

Comment:

As long as 7200 holds, I am revising my target to be higher to be above the 7700 up to 8000 area.

Trade closed: stop reached:

Stop taken out, will watch first if this is only a correction or a reversal.