As we can see BTC may have already formed a triple bottom in the range of 18500-17500, it is safe to say that we have created a strong support line that was tested many times and was rejected successfully, BTC could be on its move to testing that level again due to economic circumstances, I am short-term bearish on BTC but definitely mid-term bullish. My POV is to always use proper risk management, and there shouldn't be a problem if you turn out wrong with your TA, most external factors such as SEC meetings and other economic indicators could break rules of TA. So beware trading at times like this!!
Comment:
I would consider this trade as a swing, as I'll constantly add more to the POS on the way to the bottom, as mentioned make sure to not over risk as we may have to avoid SL hunts.
Trade closed: target reached