LONG! Bitcoins hit current support - BTC ready for up trend
BTC has confirmed support on the daily, We have alot of market indecision and have had sideways price movement testing our bull market support.
As investors pre[are to liquidate and take up short positions BTC has failed to experience any confirmation, volume.
Without volume to confirm the price direction when the price has fallen below support the Price has recovered on all charts up to daily with backtest
We have the appearance of a Morning star Doji candle on the daily with the body above the star (rising) that should Boost Confidence and get us back above !68k
Watch for the daily close to close above open
I am getting in position with a long currently, and will maintain tight stops but am confident to trade at this level
As investors pre[are to liquidate and take up short positions BTC has failed to experience any confirmation, volume.
Without volume to confirm the price direction when the price has fallen below support the Price has recovered on all charts up to daily with backtest
We have the appearance of a Morning star Doji candle on the daily with the body above the star (rising) that should Boost Confidence and get us back above !68k
Watch for the daily close to close above open
I am getting in position with a long currently, and will maintain tight stops but am confident to trade at this level
Trade closed: stop reached:
CAUGHT in the trap , tight tolerance stops save the day,
Trade active:
we hooked onto this marlin lets see if we can land'er
Comment:
Long positions starting to stack up , could be a bull trap so set tight stops , there could be another shake out but being Sunday we may get our bullish candles in regardless
be careful trading this level , it could go either way although long is in play as we've back tested on multiple timeframes