Took long, risking 75% (entry is not good as well as R:R) of my usual equity size, assuming it was some kind of dip.
Btw, close candle somewhere in the green support zone will make me more bearish on BTC
Information is just for educational purposes, never financial advice. Always do your own research.
Overview
After a prolonged downtrend period BTCUSD at last showing some growth. From Monday the price gained about 17%, rising from the $ 3150 to $ 3700. Now bears have met a strong resistive zone at $ 3700 - $ 4000. A fast breakthrough above this zone would boost up the uptrend, but it looks like such a scenario will need some strong fundamental drivers. Milder...
Price
Today morning a slight increase in volume and upward movement, still that momentum was only enough to get above the 6600 level (1.2% growth). Overall, low-demand lateral movement proceeds in previously established boundaries 6450 – 6800. One of the popular patterns around the net is the 5th September - now wedge, which excludes Bitfinex spike (to 7800)....
