Hope you guys are enjoying your holidays and elf medicating with copious amounts of Easter Eggs.
BTC has been ranging again, it is a bit early to call yet but we may be moving into a inv , we wil need to watch to see how it develops. Im am spending most of my day with the family, so won't be around to often to update but as usual guys, wait for confirmation of a breakout, set your stop loss underneath the neckline, because many will short the breakout and without , it will fail and possibly dropping, depending on how many stop losses are set under the neckline, there could be a fair bit of liquidity. Target for this breakout is $7800 but I highly doubt it will get even close to this target, Set a profit taking stop at around $7500 and then let it run and trail a stop loss behind it from there. look at your trade size and risk management to determine if this is worth a trade, trading against a trend is risky and these patterns are not highest probability setups.
Good luck and happy trading
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.