BTC Price Action w/long opportunity
Head and shoulders formed on the hourly, could see a dump however descending triangle also seen, support held. Could see a pump up to resistance before dumping.
Head and shoulders formed on the hourly, could see a dump however descending triangle also seen, support held. Could see a pump up to resistance before dumping.
Trade closed: target reached:
take profit reached, overextended a little bit on the RSI, rejected by trendline on the 0.786 fib retracement just short of hitting the daily trendline resistance. Could see a fall to retest the $40.5k which is strong resistance/support back in May/June of 2021 before pumping and hopefully breaking yellow trendline resistance.
Comment:
(saw a pump of 9% after i made this call)
Comment:
Easy 90% profit with a 10x leverage and updating stop loss into profit on the way up