BTC Update! Clear uptrend for traders on 4 Hour!
Those trading have been very happy the past few days as BTC chart has been extremely nice to the technicals.
Last chart I had mentioned I didn't catch the oversold bounce opportunity initially when we went to $9100 area for a trade but had personally entered in at $9700 and was utilizing higher lows as my stop losses. At time of post that higher low was around $9800 so barely a profitable trade for me had I been stopped out but at least was now risk free. We were watching to see if $10,300s would be the next higher low and bulls did manage which allowed me to again move my SL up to higher profit. Next we have $10,572 established so have once again moved SL up and locked in about a 9% guarantee on profit for the trade. If bulls do manage to hold this next higher low and push for yet another leg up, I just continue walking the SL up to protect and guarantee a more profitable trade.
Daily chart is certainly due for some consolidation as we have 6 straight green candles now and no consolidation on daily since the $9100 level a week ago. Once the 4 hour uptrend is lost, it will have me shifting back to this daily chart to see where a potential higher low compared to $9100 would set up for another possible trading opportunity. But until that 4 hour uptrend is loss, I'll continue riding the bull move and utilizing the stop losses along the way up.
Just My 2 Sats!
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