BTC broke resistance and is now retesting it as support. If it holds, it will go to the next resistance, which is target 1 and coincides at a fibonacci line. A slight pullback after that can be expected. If the bulls aren't tired yet, they can push through again to target 2.

If I made you money, please consider me buying a beer:

Comment: EDIT: stoploss should be 15500, since it can also retrace to the fibonacci line. Keeping it just under that fibonacci line will ensure that your stoploss won't get triggered with a bullrun just after that.

You can adjust the stoploss to your own liking to ensure more (or less) wiggle-room.
Comment: Wait for the candle to close below support. If it does: sell!
Order cancelled: Support broke, trade not safe anymore. Risk outweighs reward now.
Comment: Small support at 14600 can be expected. Doubt it's going to hold though. 13.4 is stronger, but I think a test to 11.8k is inevitable.


Wiggle-room, hehe, good one... :-)

+1 Reply
It's become true. Now: 15860
Woolhead MSArkRoyal
@MSArkRoyal, If it hits 15500 then stoploss is hit and breakout failed :( Hopefully it won't. If it does though, check out my LTC analysis. A buy opportunity may present itself there.
MSArkRoyal Woolhead
@Woolhead, Strong Support above 15500. Almost people very panic if Break this Support level and down to 13k or 11k asap. Crazy blood market. Lmao
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