Buy order at 0.90200 for an entry after a breakout of structure.
I am expecting a continuation to the upside on BTCUSD so at the current level what I am waiting for is a break and retest of the minor trendline to buy and hold until 14 000 or higher.
Time to protect capital by putting a break-even SL and then wait for opportunitties to add to the position until TP.
Hope you guys are still holding. Keep an eye on the blue line areas for possible market reactions.
If you missed the initial entry, the pair has given another entry for long at current levels.
The market has been just all over the place the past few weeks but we still hold till until either TP or stopped out.
After the warning yesterday that Bitcoin is likely to go lower. Check the initial analysis linked below.
The previous analysis gave us a signal to the upside, however, there isa possibility that move is short-lived as we are getting a signal to the downside. It is an ideal time to hedge or TP and then enter a small sell and then add to positions as price drops, corrects on key levels. For a clearer view of why it could go lower, go to the Weekly chart. Should price...