Hey folks, Hope everyone is doing well in green market and enjoying their gains.
As we all know, BItcoin Price action is stalled indicating BTCUSD about make a move in a day or two, Here are potential scenarios for bearish and bullish case.
1. Bullish Case: Adam and Even Formation with Breakout Level: $7920 LONGs or SHORT covering will happen above $7900 in Adam and Eve Confirmation Breakout.
2. Bearish Case: Shakeout Phase Downside Continuation We are aligned with Bearish Scenario as long as price action remains below $7850 level. If BTC go below $7300 on Monday,then there would be strong proability for the shakeout with subsequent break of $7100 area. Target would be below $6000
Disclaimer: NFA, do your own due diligence.
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註釋
BTC Trendline Broken, Drift Below hourly 50MA => Indicating Bears are likely to take control in near term.
註釋
BTC slow drift towards secondary test area, would not suggest new SHORTs, can move stop to breakeven.Let the trade develop and progress accordingly.
註釋
TP-1 Done, Undercuts previous low. TP-2 $5860, Retest of previous Breakout lvl of Broadening Wedge
手動結束交易
Remaining half of position closed at breakeven, underperformance of target leads to reversals. Strong buying action by bulls plus short covering.