So far we failed to stay above the 50k area, and this one could give a small opportunity to take a short trade. Based on the 4rh and 1hr charts we have a potential H&S pattern forming and plenty of space to fall. And I'm still triggered by that long wick from the 4th of December on the weekly charts because in my opinion that one acting like a "magnet" and we still have a fairly big chance to retest the low levels around 42K area.
I tried to take a long trade on this to push further upwards but seems like momentum is falling and so could BTC visit lower levels. I always take the trade with a minimum RR of 1:2 so I hope this one will be good :)
I tried to take a long trade on this to push further upwards but seems like momentum is falling and so could BTC visit lower levels. I always take the trade with a minimum RR of 1:2 so I hope this one will be good :)
Trade closed: stop reached:
Stop reached, but I'm still happy with it at least we got this out of the way :P
