1) BTC threatened to dump, but stopped trending downward and went into a trading range.
2) Over the weekend, BTC tested both sides of the range
3) Range Expansion in the upward direction going into this weeks' open means the trend is up again!
No targets. We're going to ride it until the trend changes.
2) Over the weekend, BTC tested both sides of the range
3) Range Expansion in the upward direction going into this weeks' open means the trend is up again!
No targets. We're going to ride it until the trend changes.
Note
While the trend is still up, volatility died down. Waiting on the market open this Monday to see what's next. I'll stick with it until invalidation, which is around 18.8K.Note
We retested the lows around 18.9K and price rejected. We're still a little underwater, but still in the trade. New invalidation level: 18.9K. We shouldn't visit that area again if the trend is still up.Trade closed: stop reached
18.9K revisited and we're out."If you want to avoid whipsaws, stop trading." - Ed Seykota
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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.