UPDATE: The price moved below the red resistance lines and then crashed down one leg further.
The Bitcoin price is starting to go up right now. I expect a bounce if the price stays above $272 on Bitfinex. I have put the entry of the long into the future, meaning the trade should only be started if the price has stabilized until then.
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I originally wanted to move the long entry (green area) on the chart just one day into the future after a dip overnight on Monday to start on Tuesday, 6th at 12:00 UTC (where the price now rallied up as expected) and not at 12:00 UTC on Saturday, 10th (chart above) as I mistakenly did.
The Bitcoin price is starting to go up right now. I expect a bounce if the price stays above $272 on Bitfinex. I have put the entry of the long into the future, meaning the trade should only be started if the price has stabilized until then.
****
I originally wanted to move the long entry (green area) on the chart just one day into the future after a dip overnight on Monday to start on Tuesday, 6th at 12:00 UTC (where the price now rallied up as expected) and not at 12:00 UTC on Saturday, 10th (chart above) as I mistakenly did.
