based on the current monetary conditions the federal reserve has placed, this instrument broke an important 13-year downward dashed trendline that has provided resistance since 2008; the dashed trendline was broken on the 7th of September 2020 hitting highs of 1.23 against the dollar signaling a trend shift. price has since been correcting towards the broken...
I would like to take a long position above the yellow downward trendline. Share your thoughts.
My personal analysis on BTC, currently holding postions @ Base 1 and Base 2. Currently approaching Base 3 and I'll be looking take more entries till Base 5. I hope this analysis helps you. Goodluck.
Note! Any trades you decide to take are your own. Trade ideas are for educational/informational purposes only and are my personal trades. As we can see on the chart that we have an "M" formation in the works with elliot waves making it easier to identify the possible impulses. Wave (3) will be our confirmation if this short term idea. I have used fibonacci...