BTC rejection to lower channel trend-line
Hello,
No big analysis, just trying a new trading style. Demand has turned into resistance, entered after some nice upside wick rejections and a lower high set. Targeting lower TL.
I have found that while the outer channel contains price relatively well, a tighter channel seems more appropriate.
This is getting into difficult territory to be short, as by my count, a plausible completion of wave C down was 17,600 and we are just trying to establish support for a more higher. It will be a bit choppy for a month or two as price tries to break above EMA resistance that then becomes support. Maybe 60-90 days of that coming up.
Medium and long term bullish on BTC.
Good luck and protect those funds.
No big analysis, just trying a new trading style. Demand has turned into resistance, entered after some nice upside wick rejections and a lower high set. Targeting lower TL.
I have found that while the outer channel contains price relatively well, a tighter channel seems more appropriate.
This is getting into difficult territory to be short, as by my count, a plausible completion of wave C down was 17,600 and we are just trying to establish support for a more higher. It will be a bit choppy for a month or two as price tries to break above EMA resistance that then becomes support. Maybe 60-90 days of that coming up.
Medium and long term bullish on BTC.
Good luck and protect those funds.
註釋
Ok, now its dropping steeply手動結束交易
Closed at or close to break even, I was wrong, protected any losses and live to fight another day. View still short term bearish
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。