Hi fellow traders
1/after a bad bearish candel on tuesday BTC has reacted very well yesterday and made a close above open price ( tuesday )
:::> it's imporatant at least for short term to hold above green support 11820 usd
2/we have a Symmetrical Triangle ( HL +LH ) ( the price could go down or up )::> decsion time soon
3/ any weekly close above weekly support would be great ( breaking a very strong support that we are trying to break since more than a year)
::> support been tested in FEB 2018 and JULY 2019
4/ steady increasing volume (Healthy )
ideal entry price would be under Lower high ( check chart )
invalidation of this setup would breaking down weekly support (close)
Have a nice day
1/after a bad bearish candel on tuesday BTC has reacted very well yesterday and made a close above open price ( tuesday )
:::> it's imporatant at least for short term to hold above green support 11820 usd
2/we have a Symmetrical Triangle ( HL +LH ) ( the price could go down or up )::> decsion time soon
3/ any weekly close above weekly support would be great ( breaking a very strong support that we are trying to break since more than a year)
::> support been tested in FEB 2018 and JULY 2019
4/ steady increasing volume (Healthy )
ideal entry price would be under Lower high ( check chart )
invalidation of this setup would breaking down weekly support (close)
Have a nice day
Trade active:
weekly close above support ,, very bullish sign