ecta

BTC lift-off @ 10.85 short term. Range-bound medium term.

Long
ecta Updated   
BNC:BLX   Bitcoin Liquid Index
Looks like we're likely forming a kind of triangular structure with SMA128(D) holding so far.
Expecting short-term bullishness into higher 11K region, then range-bound 10.5-11.5 for a few more weeks into elections

BUY MARKET @ 10.71 / BUY STOP @ 10.851
SL 10.3
TP 11.9
R:R=1:2
Trade active:
daily trade with very good potential and tiny risk: BUY MARKET @ 10.660 STOP 10.619 (sic!) TGT 10.85/11.1/11.3
Comment:
still holding trendline support, however with bearish engulfing on daily it starts to look less likely to reach targets of 11.5/11.9 should we not appropriately break 10.95 area within a couple of days.

current daily trade active: buy 10.68 stop 10.625

bearish bias should we break down daily low of 10.625 and especially 10.550 area
Comment:
if 10.7 does not hold, we're likely to buy @ 10.3 today)
Trade closed: target reached:
the target has been overshot, triangle highly unlikely unless ascending one,and 12-12.5 zone looks good to buy atthe very beginning of Novemeber
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.