BTC Downtrend Breakout in early September
Updated
Bullish Bias (idk what I'm doing)
Long from 6640, tight stop just under 6500
Wanted mid 6500s but could get account funded in time
* I should add I took 50% profit when it pumped to 6750 so maybe I should move my stop to breakeven..
Ascending triangle break of 6750 resistance level (Daily)
Slight increase in volume
*Shorts ATH
Sideways in early September (6800 - 7000) to a major downtrend breakout at 7400 around September 8th - 10th (prev history shows early month trend reversals)
Could see a move down to 6520 first but clean break of that and through 6400 makes me bearish.
4500-4800 bottom if I was forced to make a guess.
-555
Long from 6640, tight stop just under 6500
Wanted mid 6500s but could get account funded in time
* I should add I took 50% profit when it pumped to 6750 so maybe I should move my stop to breakeven..
Ascending triangle break of 6750 resistance level (Daily)
Slight increase in volume
*Shorts ATH
Sideways in early September (6800 - 7000) to a major downtrend breakout at 7400 around September 8th - 10th (prev history shows early month trend reversals)
Could see a move down to 6520 first but clean break of that and through 6400 makes me bearish.
4500-4800 bottom if I was forced to make a guess.
-555
Note
7400 lines up with the Bollinger Bands center line on the Weekly (or 20ema) which is currently 7330Note
Edit: it's 7380 not 7330^
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