BTCUSD Perpetual ContractUpdated Reversal?
Waiting for BTC to show signs of a BULLISH REVERSAL.
Currently - Looks like we're at the decision point of a V Bottom.. Waiting for the break out of the GREEN BOX
If we break below this box, a potential double bottom reversal is in play, if we hold support on the 38.2% FIB RT.
Just being completely honest -BTC is not giving me ANY clear signs it wants to break out.. so, if the V Bottom confirms, I will enter a small trade -but other than that, just waiting for some development and an eye on VOLUME.
What are you all seeing?
Am I missing something?
Thanks for looking!
Currently - Looks like we're at the decision point of a V Bottom.. Waiting for the break out of the GREEN BOX
If we break below this box, a potential double bottom reversal is in play, if we hold support on the 38.2% FIB RT.
Just being completely honest -BTC is not giving me ANY clear signs it wants to break out.. so, if the V Bottom confirms, I will enter a small trade -but other than that, just waiting for some development and an eye on VOLUME.
What are you all seeing?
Am I missing something?
Thanks for looking!
Trade active
We broke out. Turns out.. all we needed was a whale to buy some BTC.. Thank you Mr. or M(r)s. Whale.
Hope you all snagged the break out. If not, don't worry, I really think we'll get a consolidation around the 3:1 before taking a shot at crossing the trend 38.6 Fib RT. Wait for it.
We'll see what our momentum is looking like around there and make a decision to stay or go.
Rebuy: $7999
TP1: $8170
TP2: $8650
We'll make the decision to pull all our profits, or buy more based on the data.
What are you guys thinking?
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