Bitcoin in a Make/Break Situation ?

3 مايو 2020

If BTC respects the trend line as it has in the past then we might see 6K levels soon.

6 مايو 2020

ملاحظة

Trouble for bitcoin when mining rewards will be cut in half. Hard for it to double or even move outside the trend line.
Another confirmation for a downtrend coming up.

Still have an SL around 9300-9400 range before getting out of trade.

6 مايو 2020

ملاحظة

Uncertainty in the charts for now. BTC is trying to cross the trend line but is facing a lot of heat around 9300-9400 levels. Might make a long tail and close inside the trendline but markets are supreme & if the direction changes so do our view on the markets.
If the weekly close is above 9350 then the direction will be assumed changed and we'll go long on the BTCUSD.

Happy Trading :)

7 مايو 2020

أغلقت الصفقة: تم الوصول لوقف الخسارة

SL hit @9400 for now. Weekly close important.

10 مايو 2020

ملاحظة

Bitcoin inside the trend line on the last day of the week after making a +1200 points move. What a lovely pullback. Starting tomorrow we might see a red week or a couple of those till it hits the lower trend line/EMA.

Will update more tomorrow.

Happy Trading :)