Quick update on my previous Bitcoin entry LONG.
Things to consider:
1. Diagonal trend breaks (Descending wedge patterns) are generally the most predictable & strongest breakout patterns. Not that I'm a "pattern" trader, its just that charts with lots of liquidity have generally predictable behavior.
2. The 1st projected target was hit & there hasn't been a...
Still thinking the same about GBPUSD. Price is bouncing off WEEKLY all time lows. I wont say it's a reversal, but it's sure going to need to bounce higher for a few weeks. Even if it breaks the low, it should't go too far. With all this global drama going on, it would have fallen by now.
