I've been scalping long with tight stops and targets. If I am to get a long term swing trade I want a lower price than right at the triangle top.
It is possible that we're in a large sideways ABCDE triangle with the legs formed by ABC corrections.
That would mean chopping back into the triangle and the only long term long trade is at the bottom of the triangle support, probably around 3400.
This is not a very good hold and hope area on the chart. There's still a lot BTC has to do to prove it is bullish.
It is possible that we're in a large sideways ABCDE triangle with the legs formed by ABC corrections.
That would mean chopping back into the triangle and the only long term long trade is at the bottom of the triangle support, probably around 3400.
This is not a very good hold and hope area on the chart. There's still a lot BTC has to do to prove it is bullish.