BitcoinUpdated 2nd April Bitcoin Looking for long trades.
Currently I am flat and waiting for a correction which might happen soon to go long again to target above 7500 up to 9000.
Trades will be posted below.
Trades will be posted below.
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Looking for a correction to 6800-6900 area to go long again.
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Just a warning, the current upmove is not bullish at all. If it changes direction I would start shorting again. But no confirmations yet.Note
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Open 6900
SL 6750
TP 9000 But I can close anytime especially if price struggles at 7500.
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The upmove looks corrective for now, but there is at least one more leg up.Note
Move SL to breakeven at 6900
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Move SL to 7000, watching this area up to 7600 carefully for any signs of reversing.
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Move SL to 7100
This is not the type of price action I am hoping if I was bullish. But there should be another upmove to around 7550 area, that might be the place I take profits and wait for a correction or signs of reversal.
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Area where I would be looking to take profits. If price keeps pushing up through 7800 I will probably look to short.
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Move SL to 7200
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As long as 7200 holds, I am revising my target to be higher to be above the 7700 up to 8000 area.
Trade closed: stop reached
Stop taken out, will watch first if this is only a correction or a reversal.
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