Quick update on BTCUSD - 22.08.2019

Seems like we failed to brake new highs and we are heading down on the large timeframes (mpnthly).
I would stay out of BTC unless you are shorting.

The reasonable buy in would be around 6K levels.

Lines drawn are monthly (black), weekly (orange), daily (red) & hourly (red) timeframes supports and resistances.

The main picture is stilll bullish, we just need small impulse. Apologizes in advance, the picture is a bit confusing, I know there's too much lines.

Update comes if we brake above trendline (unlikely) or if we reach target 6.400 USD.

***NOT FINANCIAL ADVISE JUST EDUCATIONAL PURPOSES***

Good luck trading everyone,
Kind regards,

BeniGo

註釋

Reaching the point to buy fellas. my personal stop loss is 3k because eventhough BTC has respected many times the grey line, there has been months that it has closed a bit below it and recover the bullish momentum afterwards.

Good luck and have fun trading ppl.

BeniGo

註釋

I consider the zone 6000-6500 USD a good buy.

This is not financial advise.

Regards.

交易結束：目標達成

Hope you all bought at 6400