Bitcoin VLOG #38 - BTC 35k failed breakout, retesting 34k
We had a false breakout at 35k, we got up to 36.5k area then fell down to retest the trend line, which arguably did create a buy signal for my breakout strategy.
I did no enter it, cant remember if it was because I was sleeping or working! But technically it was a buy signal for me.
This trade would have got stopped out.
We are back inside the reservation now, back in pattern and continuing to test the upside of this triangle. You may remember I was discussing drawing new patterns.. no need for the time being!
MY PREDICTION = (Getting sick of these!) Test 34k trend line then head towards 32.5k.
I want to emphasize things can get crazy now as we get squeezed to the edge of this triangle and forced to make a decision upwards or downwards.
Shoutout to todays trading view ideas = VincePrince
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Trade setup review
2:40 = BTC 4 hour
2:50 = FIBS
7:00 = Checking BTC across exchanges
8:15 = BTC moving averages
9:05 = BTC 1 week
9:45 = BTC 1 minute
15:15 = MY PREDICTION
16:45 = VincePrince - wyckoff accumulation
19:30 = Closing words
I did no enter it, cant remember if it was because I was sleeping or working! But technically it was a buy signal for me.
This trade would have got stopped out.
We are back inside the reservation now, back in pattern and continuing to test the upside of this triangle. You may remember I was discussing drawing new patterns.. no need for the time being!
MY PREDICTION = (Getting sick of these!) Test 34k trend line then head towards 32.5k.
I want to emphasize things can get crazy now as we get squeezed to the edge of this triangle and forced to make a decision upwards or downwards.
Shoutout to todays trading view ideas = VincePrince
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Trade setup review
2:40 = BTC 4 hour
2:50 = FIBS
7:00 = Checking BTC across exchanges
8:15 = BTC moving averages
9:05 = BTC 1 week
9:45 = BTC 1 minute
15:15 = MY PREDICTION
16:45 = VincePrince - wyckoff accumulation
19:30 = Closing words
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