btc is forming an potential ascending triangle on 4h
BTC is very bullish at the moment but an retrace has to happen at some point.
targets break up 37k-38k.
as i am long now i will take 50% profit in this range, if i feel we might drop from here i will short with an stop close above 38k.
if short here that will only be an scalp trade!
i like to plan for long or short so if break down
target 26k-27k
if ascending line breaks my SL will be hit but i will short there as well.
if target hit i take 50% profit and i might long there for an potential bounce.
BTC is on an great run up, so watch out for an liquidation hunt
BTC is very bullish at the moment but an retrace has to happen at some point.
targets break up 37k-38k.
as i am long now i will take 50% profit in this range, if i feel we might drop from here i will short with an stop close above 38k.
if short here that will only be an scalp trade!
i like to plan for long or short so if break down
target 26k-27k
if ascending line breaks my SL will be hit but i will short there as well.
if target hit i take 50% profit and i might long there for an potential bounce.
BTC is on an great run up, so watch out for an liquidation hunt