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Chloster
Aug 11, 2019 12:03 PM

BTC/USDT Quick move to 11.8k incoming! Long

Bitcoin / TetherUSBinance

Description

After testing the trend line for the second time it seems like buyers are stepping in and probably pushing price up to 11.8k. If it fails to do so and the trend line gets tested more major downside is to be expected. If you leveraged longed this dip I would be taking profits at 11.8k, possibility even shorting a wick up for 11.9k for hedging purposes. Daily bias is still bullish.

Comment

The longer BTC stays in this range the more violent the move will be. A bart move down and close below 10.9k will be alter D1 bias to bearish.

Trade closed manually

Price took way to long for the move up, once 11k was violated that was a good sign to get out. Shit got messy...
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