BTC Get Long
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TK cross with price action above and already inside the cloud. Strong Buy signal. Look for price to drop no lower than $9045.
I have buy orders all the way down to the bottom of the cloud, but now I doubt we will see that low.
8400 is the lowest I would want to see BTC drop if it is to remain bullish. But I am long and adding to my position down to 9k for now.
Long for weeks, maybe months, unless the trend ends and something changes. A failure and a new bearish TK cross here would be my signal to exit my long positions and possibly open a short. Otherwise - I am LONG
Some trend resistances are marked above current price action. $10800 or $11700 possible.
None of this is financial advice. I am not your financial adviser. All ideas are provided for educational purposes only.
I have buy orders all the way down to the bottom of the cloud, but now I doubt we will see that low.
8400 is the lowest I would want to see BTC drop if it is to remain bullish. But I am long and adding to my position down to 9k for now.
Long for weeks, maybe months, unless the trend ends and something changes. A failure and a new bearish TK cross here would be my signal to exit my long positions and possibly open a short. Otherwise - I am LONG
Some trend resistances are marked above current price action. $10800 or $11700 possible.
None of this is financial advice. I am not your financial adviser. All ideas are provided for educational purposes only.
Note
Because this was a add to an already open position it stopped out in profit after we broke back below 9k, following the rejection at the down trend resistance market on this chart. Shorts are shown in following posts.
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