The orange line is very important. It's a trend line from years ago. To confirm your breaking down or up, BTC needs to close a daily candle above the green dashed line or below the red line. When this happens, the targets are the blue line above, or the black line below. Let's wait. Remember that the blue target is an important line for leveraged short.
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Now tapping the top line of rangeNote
If close daily below green line again,can will test orange line againTrade active
BTC upbreak, but the volume was weak. I think BTC goes a little lower to confirm support around 3980. If can Hold below this, the week promises to be goodNote
It happened as I imagined. If BTC fails to hold Hold points to a false break, it may break the orange line again. If this happens I will post a new postTrade active
Now really break with volume ;)I hope the target above
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Stopped with profit, but bad bad bad signal. Come to below line
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.