Description
⋅ Significant buying pressure over the last 8 hours suggests that BTC is preparing to break to the upside.
Stoploss placed under previous significant low. Trade active
⋅ Entered long @ 3399.9 on Bitmex
Plenty of technical reasons to be bearish now, but I trade these signals every time they appear because they have a high success rate.
Comment
⋅ Up here near 3500 is a great TP 1. Closed some here, might be able to buy back lower
Trade closed manually
⋅ Trade closed for a pretty nice profit.
Didn't catch the top, closed a little early at 3642
Bitcoin could easily consolidate for a bit and move up again from here, but that's for another trade.