BTC/USD Trade set up.
Updated
Pretty simple set up here.
If we break through the upper resistance of this channel then go long. Look for hourly candle to close above the trend line with stong volume.
If the resistance holds and we come back below 8000 then go short.
Long TP ~ 8500 and higher.
Short TP ~ 7500 and lower.
If we break through the upper resistance of this channel then go long. Look for hourly candle to close above the trend line with stong volume.
If the resistance holds and we come back below 8000 then go short.
Long TP ~ 8500 and higher.
Short TP ~ 7500 and lower.
Note
Starting to look like a long call! Been long since 8100
Note
Still looking god but waiting for a surge in volume to support the breakout.Note
First (conservative) TP is set around 8400-8500. Scale out 25%A break above 8500 and above the 200 daily MA will see fresh capital pour in.
Note
Taking profit at 8625
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