If you saw my update yesterday (see related ideas) you prbbly bought around 755$. Wether youre gonna hodl is up to you. i reached my target of 10% profit. But im not out i think the breakout could lead us to test the 900$ resistance.
If you followed my charts, you havent lost anything. Wait until btc calms down
50 ma crossed 200 ma upwards strong uptrend. doji could confirm
trade with caution.
previous analysis:
good Support at 0.618 fib. previous fib resistance were already broken we could see plusminus 60% profit
Previous analysi s Double bottom didnt confirm: Bear Flag Still in Play if it doesnt breakout: in the previous trade i bought at 575$ but it didnt break the resistance and sold at 610$. in my opinion the risk just increased. so im rebuying when it actually breaks the resistance. the rest is up to you.
Bilateral Pattern, if it actually breaks above 307 i go long.
previous analysis
Buy after Breakout or throwback
if it closes under support we go downward
The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 50-day moving average) breaking above its long-term moving average (such as 200-day moving average) or resistance level.