squeeze between blue and purple channel is about to end in favor of purple. I am waiting for 7500-7700 to go long and forget about it for a couple of days.
Note
Moment of truth: How are we gonna escape the bottom of the purple line with current price at 7525$? to the upside following the rising purple channel, or down fowoling the blue channel? I am long in this, but tomorrow morning will decide wether I am right and hold the position, or if I am wrong in case BTC breaks below 7200$, in which case I'll terminate my position immediately.Note
Target for today is $8000 (+/- 50)Trade closed: stop reached
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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.