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kshitij_libra
Oct 23, 2022 7:16 PM

Short term picture on btc Long

Bitcoin / US Dollar IndexBitMEX

Description

My hypothesis on what’s happening with btc. Short term long , medium term bearish

Order cancelled

Seems to be a false breakout. Half out.

Trade closed manually

half position close success

Comment

Post close comments: The green resistance is still a major resisitance. patience for break and drop
Comments
wargolynch
Maybe, although a triangle correction would go sideway.
kshitij_libra
@GreenValleyTrading, it broke out of the triangle a few days back though right ? u think it will continue to go sideways after triangle ?
wargolynch
@kshitij_libra, No I mean a broader descending triangle could still be forming all the way to 2023 and the price would still join the log trendline!
This unless it goes to your point C in the following days/weeks of course.
kshitij_libra
@GreenValleyTrading, I see. Do you have a chart of the broader descending triangle that you see ?
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