BTC breakout soon above 6400$

falling wedge very similar to previous one had about 5 days to 7 days of accumulation at bottom before breakout, be patience

Trade active

We had a good brekout, and we still expect retest of 5950 and 60 k level as a higher low for uptrend continuation, we already took some profit at 6300 level and we will wait for retest

Trade active

we ladder sell between 6300 and 6410, now waiting for retest between 6150 and 6200 levels with next target at 6.800

Note

We re opened shorts sell at 6420 levels, we are expecting retest of the 5950 and 6k level in the next 48 hours, from that level we can open longs with targets 6800, use capital management always have a Plan B in case our trades goes wrong, you always have free capital to buy at lower levels, I consider our inter-media term bottom 5.000$, so buying at retest of the falling wedge around 5950 is good entry point

Note

Last update I said was expecting retracement to 5950/6 k level, but watching price action and indicators 6150/6250 is more likely then continue upward movement to 6800

Trade closed: target reached

forgot to update, it already went 2 times to 6800, see new chart for updates

Trade active

bitcoinwizard1

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bitcoinwizard1