The price is in long-term accumulation, drawing a triangle formation, the trend line is higher, thats why I assume there will be upward exit, since all this flat movement there has been no hits on the stops of the shorts, which are standing behind the obvious level of $220, so far only longs feel the pain, a constant drain down. Bitcoin is standing on the edge of the abyss, but hourly TF bears a hope that the abyss can only scare the longs and lure shorts. The only tension is created by open long positions on the BF
I will try to enter as price will pass $214, stop return below the level, profit 1 - $245 and if the power with me profit 2 zone $275-290. Waiting for a strong impulse to pass the mark of $220, the cancellation of the trade idea below $190
BTC Convergence
Long BF
Longs pain
I will try to enter as price will pass $214, stop return below the level, profit 1 - $245 and if the power with me profit 2 zone $275-290. Waiting for a strong impulse to pass the mark of $220, the cancellation of the trade idea below $190
BTC Convergence
Long BF
Longs pain