Opened BTC UP position at 69100 price with 10x leverage

Hi everyone,

Opened BTC UP position at 69100 price with 10x leverage on Fybit trading platform.
Target at 72000, Stop loss at 65900.

Position was opened on 4-hour timeframe.

After rising to 72k Bitcoin price declined below 67k and after some consolidation started to rise again.

On 4-hour timeframe on the chart higher lows formed which is signaling about continuation of uptrend.

I put stop loss just under 66k where price shouldn't go if it wants to continue its rise.

Please, do not forget to boost this idea & share it with your friends; thanks.

Trade active

Comment:

After some activity on a wallet related to Mt.Gox exchange Bitcoin dunped on 2% at around 67k but managed to stay above that level and price bounced back above 68k.
I still expect BTC price to rise to 72k level unless another unexpected activity on some whale wallet.

Trade active:

BTC pumped above 69k but didn't manage to hold there and retraced to 68k.
It's still a good sign as price doesn't plunge under 67k.

Comment:

BTC closing this week at around 68k.
Next week we might see another attemt to rise above 70k again.

Comment:

BTC closing this week at around 68k.
Next week we might see another attemt to rise above 70k again.

Comment:

As was expected BTC back to 70k.
Let's see if it manages to hold above.

Comment:

BTC price almost reached my target at 72k but didn't managed to hold above 71k and now is trading slightly below.
Good sign for continuation of this rise is that BTC price closed 2 days in a row above 70k which was only 11th and 12th in its history.
The longer price stays above 70k the more chances for breaking 74k level Bitcoin has.

Trade active

Comment:

BTC still can't reach 72k and resisting from 71700-71600 area.
Let's see if there will be another attempt to break this area.

Trade closed: target reached:

BTC tested 72k after which price dropped down.
Position closed, target reached.