QuercusTrading

Bitcoin - Short term game plan for W.5

Long
COINBASE:BTCUSD   Bitcoin
Looking for a breakout of the small triangle holding pattern.

Possible sweep of Monday low and a move into the June low at 17.5k for a possible completion of Wave 5 of 5.

Not a lot of upside even if it works out.
Comment:
That was fast.

Triangle breakouts usually gets faded. Now that it breaks up first instead of down, be cautious.

Trade active:
Taking a shot at Long trade here.

SL is wider as buffer in case price runs another low.

Trade closed manually:
3 possible scenarios here, and approaching weekend. Closed.
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