After a quick bounce from 28800, BTC tried to resume its up trend, but the selling pressure rejected to jump over the creek(36300), and the trend line broke too early, before a 0.5 retrace.
I have stopped trading for a few days, missed the chance at 28800 cause a little afraid.
If a support is made at 31000, perhaps going to make a long position.
If a low-volume upward looks like a second test, I will take short .
I have stopped trading for a few days, missed the chance at 28800 cause a little afraid.
If a support is made at 31000, perhaps going to make a long position.
If a low-volume upward looks like a second test, I will take short .
Trade active:
The lowest point is 31300, quite near the expectation, however the last 4h bar make higher-low, higher-close, but no higher-high, maybe the after 12:00(utc+8), we will see a higher-high.
Long Position Opend: 31800
Long Position Opend: 31800
Trade closed: stop reached:
Stoploss at 31600
The selling isn't over yet.
The selling isn't over yet.
Comment:
After a confusing test of trendline and 30k, seems the short side is closing.
