Long

BTC Gearing up for something

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Symmetrical triangle inside a larger broadening ascending channel. The larger pattern is slightly bearish but the smaller pattern is neutral. I will maintain a bullish bias until we break down due to the ongoing strong uptrend.

Note

Break currently looking good but not strong on volume just yet. Expecting a retest of the upper trend line. Stop loss for me will be below the lower trend line somewhere just under 40k

Note

Looks like my trend lines were a bit off since there are no major moves yet. Sideways movement was likely caused by the bearish divergence that I didn't notice a couple of days ago.

Still definitely not going short until we break the 1 hour EMA.

More practice and I'll get more accurate in future!

Note

Didn't quite play as I expected, but the call to go bearish after breaking the 1 hour EMA was spot on!

MarkNetley

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