We will consider entering the trade within a day or two. It will test resistance upwards one more time soon and if it fails to break it then we will test the trendline of the triangle. We will still expect a move up after this trendline is tested though.
Think bayesian.
Think bayesian.
Comment:
We did not enter during the previous upswing because we wanted to wait until the resistance at 8400 is broken. This didn't seem to probable to break out at that point since the symmetric triangle doesn't look like it would have run long enough yet. Wait for retrace down to support of the triangle trendline. We will enter there.
Comment:
You can enter now if you want to save about 2-300 satoshis, or you can wait 4 days at a slightly steeper price point. We are not entering at this point.
Comment:
We will reenter at the 7600 area
Comment:
We will go ahead and set buys above 8460 satoshi. If we are rejected by the resistance at 8400 we will seek 7600 area
Comment:
Doesnt look like volume will break through. Next two candles will tell.
Trade active
