BTCUSD breakout
BTC broke resistance and is now retesting it as support. If it holds, it will go to the next resistance, which is target 1 and coincides at a fibonacci line. A slight pullback after that can be expected. If the bulls aren't tired yet, they can push through again to target 2.
If I made you money, please consider me buying a beer:
LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
If I made you money, please consider me buying a beer:
LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
Note
EDIT: stoploss should be 15500, since it can also retrace to the fibonacci line. Keeping it just under that fibonacci line will ensure that your stoploss won't get triggered with a bullrun just after that.You can adjust the stoploss to your own liking to ensure more (or less) wiggle-room.
Note
Wait for the candle to close below support. If it does: sell!Order cancelled
Support broke, trade not safe anymore. Risk outweighs reward now.Note
Small support at 14600 can be expected. Doubt it's going to hold though. 13.4 is stronger, but I think a test to 11.8k is inevitable.
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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.