If you zoom out on the hourly it looks like 9600 worked as support earlier this month and the plan here is to long the retest. BTC hit almost 10k and now down to 9600 which i longed. Will add to my long position if it gets to 9400. SL at 9200 and TP 10k. If we breach 10k I want to long the retest of it.
Trade closed manually:
Closed the trade at 9705. Didn’t like the price action, was expecting a faster continuation of the parabola. Could be that BTC is just forming an bullish flag which is a continuation pattern but i rather take a little profit and look for a next good setup. Part ofwhy I chickened out was that a couple guys on twitter who I respect predicts 8,8k is the next stop. Let’s see...