BitcoinLong
Bitcoin: Handle is forming
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BTC continues its worry towards and upside potential and a breakout. It has to break the upcoming strong resistance i.e. 11k where people will enter as long and TP @ 12.2k or earlier.
The intersection of two solid red line is called as R-S Junction, which defines a point where the resistance and support equalize their strength and a shift in market trend is anticipated. In most cases, we see a consolidation phase in near future.
The intersection of two solid red line is called as R-S Junction, which defines a point where the resistance and support equalize their strength and a shift in market trend is anticipated. In most cases, we see a consolidation phase in near future.
Note
Breakout approaching...Remember the planNote
Handle is complete ...awaiting breakout to decide longNote
Due to low volume the breakout wasn't significant. Thus, I go short!Trade fermée: cible de profit atteinte
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