BitcoinLong
BTC May 18, 2024: Waiting For A Trendline Breakout
Updated
After crossing up MA-50 on May 15, 2025 and successfully follow-through, as mentioned in the post that you can see in the related ideas section, BTCUSD is now trading right below the yellow trendline which we can draw from March 14, 2024.
A breakout above this trendline would provide an additional buy point (the first buy point was mentioned in the post in the related ideas section)
BTCUSD is now trading right below the yellow trendline which we can draw from March 14, 2024. A breakout above this trendline would provide an additional buy point (the first buy point was mentioned in the post in the related ideas section)
Trade active
Broke out well. Now a pull back is definitely possible but the key to watch is that whether it will go back down below the trendline or not. If it will, I will close my position.Trade active
As of May 26, 2024, BTCUSD have successfully tested the trendline one time and continues to act well. We are still holding our long position.Trade active
As of June 17, 2024, BTCUSD is trading right around MA50 and might go down further, we put the stop loss for our position at 64,500Trade closed: stop reached
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