Bitcoin bulls got their breakout at "A", but can they get follow-thru buying - any bar except a bear bar. Follow-thru buying on the next bar increases the chances of a measure move higher testing the bottom of the trading range at 3. But a weak follow-thru bar will likely encourage bears to short again for move lower testing the 4 sell climax low. Took a flyer position but will exit if the follow-thru bar is a bear bar.
Long 9728.55 Stop 9393.38 for 10,000.
Long 9728.55 Stop 9393.38 for 10,000.
Trade closed manually
Closeout trade. Bulls have failed multiple times to push the market higher following yesterday's breakout.
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.
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.