Possible sell trade setup:
First let Bitcoin break the support, wait for a bounce and expect it somewhere in the green box, let the price come back to the previously broken support, sell it here. ratio is 1:2.69
Hopefully it will go as planned.
Always secure your winnings!
Bitcoin has been very Bull in recent days, however, we have now reached a point where opinions are going to differ.
It is good that Bitcoin is still above the red bold line in the green zone, but if Bitcoin hits the red zone, I will go short.
Breaks Bitcoin the next red bold line, I do not rule out reaching 8500, beautiful trades are coming!
We are at previous high (red arrow), the price has not been broken twice.
* if the red triangle is broken at the bottom, then next support blue bar
* if the red triangle is broken at the top, then I think this is a good buy for a longer period
Good luck to you all
The uptrend diagonal resistance is broken and therefore expect continuation in down trend.
I suspect the older diagonal resistance to be the bottom, the Fibonacci retracements 50/61.8 is nearby, crossing each other.
Expect fast down movement after purple dashed resistance line
I set my alarm above the Fibonacci 50% level and put my finger on the fire...