BTC July 18, 2024: A New Entry Point At MA-50
Updated
On July 15, 
BTCUSD closed above its MA-50 for the first time since June 15.
During the last 3 days it was trading right around this moving averages and currently is still holding above.
Hence I started to open a position here with a stop loss below the MA-50.
BTCUSD closed above its MA-50 for the first time since June 15.During the last 3 days it was trading right around this moving averages and currently is still holding above.
Hence I started to open a position here with a stop loss below the MA-50.
Trade active
Retested the MA-50 on July 25. So far there is nothing wrong with the price action and we continue to hold on this position.Trade closed: stop reached
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