BTC Breaks Daily 55 EMA - First Time Since November '18
Updated
Long-Term Outlook: More Bullish Action. Many possibilities exist and things are looking very interesting for the longer term. The true test will be breaching the low 4k level at the resistance line. The green box inside the volume gaps could be a nice resting place if the bulls can handle the climb.
Short-Term Outlook: The RSI on shorter time frames is oversold, so we need to reset for continued strength
My position: I am long and leveraged with my stop above breakeven now :)
I am not a financial analyst. Only trade what you are willing to risk. Risk = reward though and fortune favors the brave.
fortis Fortuna adiuvat
Short-Term Outlook: The RSI on shorter time frames is oversold, so we need to reset for continued strength
My position: I am long and leveraged with my stop above breakeven now :)
I am not a financial analyst. Only trade what you are willing to risk. Risk = reward though and fortune favors the brave.
fortis Fortuna adiuvat
Note
Update on daily trend:
Trade closed: target reached
Updating and closing out old ideas. It was validated and was a new bullish trend.
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