Bitcoin Long

BTCUSD

Everything is pointing at 7500ish. Go long at a breakout of 6800 and take profit at VSA resistance of 7495. Might test 6500 (the lower bound of the triangle). Set stops at the lower bound of the triangle.
Beyond TA we have quite a positive news backgroud of BlackRock willing to enter Crypto market, possible ETF launch and so on.


Midterm bearish unless the ETFs are confirmed in August/September. Then we might retest 10K in several weeks

Comment:

Breakout successful. Position entered. Fix profits at 7495.

Probably will retest 6750 to confirm that upward move.

Comment:

Profit taken. Position successful.