Seen a lot of worry in some crypto groups I'm in about $BTC's correction today. Nothing seems abnormal to me just seems like a good old retest of the neckline of an inverse head and shoulders. My outlook remains the same that I'm bullish until the 8700-8800 zone that is my key reversal zone or my kill zone. That's where I will be taking my profits on my long from 7900. If BTC were to meet resistance there I would be bearish if it were to break through that would be a bullish indicator.
Comment:
Head and shoulders REKT. 2 Horizontals REKT. Still in my long though. Could retest the 7800-7900 zone here which is another one of my big zones. If we were to break that I'd be super bearish. My stop is somewhere around 7700.
Trade closed: stop reached:
Stopped at 7700 breakeven due to funding. Should of locked in profits. Will do better next time ;-)