BTC long trade to 70k
Updated
Yesterday we've broken out of a downtrend channel, now moving in an uptrend likely to 70k.
As linked in my related idea, I believe this uptrend will be met with a correction likely near the first week of Nov.
As linked in my related idea, I believe this uptrend will be met with a correction likely near the first week of Nov.
Trade active
Entered trade with same entry and sl noted in the chart.Trade closed: stop reached
sl hit. Hopefully, 60k holds or else it'll be chaos until 57kTrade active
Reentered at 60.4k. Set tight sl in case of a drop to 57kComment
Their is a 59k trend line that acts as both support and as the neckline for a head and shoulders pattern on the 4 hour chart. I strongly recommend against trading solely on the h&s pattern lately, as it has consistently not played out hitting its target as often as it should. Going to tp at 67k given resistance from sell limits on bitfinex.
imgur.com/a/bTdWwzJ
Trade closed: stop reached
sl hit, the trend is moving bearish.
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