BTC Update! Bulls get their break and need continuation
Decent bull break off yesterdays chart. We were eyeing $9700 as our next trade entry in order to see if daily would then test 12 and 26 EMAs. We got the break above $9700 yesterday and bulls really haven't looked back much since then even tho its still not a huge move % wise.
I personally had my stop buys set just under $9700 and another just over $9700. I have already taken profits on nearly 50% of the trade at 10k in case bears rejected based on daily 12 EMA as well as just to lock up profits and lower my break even point on remainder of trade. And with the continuation here am able to move remainder up to a SL above my entry point ensuring a fully profitable trade. Daily chart has gotten above our 12 EMA and our 26 EMA is sitting up around low $10,200's. I will personally ride stop losses for remainder and am currently using hourly chart based on higher lows as well as EMAs there to help protect my profits/overall trade. So nothing huge in terms of % gains thus far but did allow for a solid profitable trade and can no be risk/worry free for remainder of position.
Just My 2 Sats!
I personally had my stop buys set just under $9700 and another just over $9700. I have already taken profits on nearly 50% of the trade at 10k in case bears rejected based on daily 12 EMA as well as just to lock up profits and lower my break even point on remainder of trade. And with the continuation here am able to move remainder up to a SL above my entry point ensuring a fully profitable trade. Daily chart has gotten above our 12 EMA and our 26 EMA is sitting up around low $10,200's. I will personally ride stop losses for remainder and am currently using hourly chart based on higher lows as well as EMAs there to help protect my profits/overall trade. So nothing huge in terms of % gains thus far but did allow for a solid profitable trade and can no be risk/worry free for remainder of position.
Just My 2 Sats!
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