Bitcoin Daily Dose 3/17/19 | Don't get too excited yet

28 mars 2019Because Bitcoin failed to break out of this micro triangle that I’ve highlighted in my chart we could still be in for more range until the apex of this micro triangle ends on April 8th. If you were able to catch the move at $3939 then you should have taken profit already, in my opinion. The reason for this was because of this micro triangle and I had written that $4075 was a safe place to take profit for about 3%. If you aren’t in a Bitcoin trade right now I would not suggest getting in right now. In the scenario that Bitcoin decides to break out of this triangle I am still reluctant on it breaking the macro triangle so a short between $4200-$4250 would be ideal still. There is now bearish divergence on the 15m candles so I am confident Bitcoin should go through some retracement within the next 24 hours.

28 mars 2019

Commentaire

The date should say 3/27/19 not 3/17. Apologies for that.