After the uptrend line has broken, the next possibilities are very similar, up or down, so at the moment I am protecting my capital in USD until bitcoin has a good signal in which direction it is going.
In the graph I show the bullish possibility that a bullish channel created can follow.
Or keep falling after breaking the uptrend line, in today's candle we had a...
Double Bottom or Triangle break.
Recently I have close 1 of my longs at 9023 price:
Long at 7200 price. Amount: 33%. (Closed at 9023 with 25% profit. Waiting for a new entry).
Long at 33% 6800 price. Amount: 33%. (status: holding)
Long at 33% 8910 price. Amount: 33%. (status: holding)
Para quem opera swing trade ou mais precisa ter cuidado com o que estão chamando de rompimento do topo histórico, pois o preço está subindo em formato de flamula e precisamos de alguns fechamos do diários a cima da região de 107.400 para confirmar o rompimento.
Take careful bulls!
Bitcoin have a uptrend channel at D1 time frame, the bottom of this uptrend channel are localidated at important fibo level (0,618) at 7.2k region level.
That channel is the last chance of bulls recover the market and reache 20k usd up until end of 2019.
The next two possibilitys for BTC. Bearish flag or triangle afunilating.
If we have a 4H candle closes below 9700, bearish flag pattern will activate, and the target is 8400 region.
And if we have a 4H candle closes above 10650, afunilating within the triangle is more likely. Target for is possibility is 10900 region.
Yesterday bitcoin was victim of a FUD, but if you are a bull, dont worry while the support hold the price.
Is expected the price recover the rise in next days.
Do not use USDT until things get clearer.