Bitcoin is gaining momentum
Hello, everyone!
Yesterday I opened long at the confrimation of the bullish reversal bar🟢 and now price is fluctuating inside the narrow range. Of course, the price is looking so bad for bulls. We can see the weakness on the price action.
At the same time Bitcoin has formed the bullish reversal bar with the great angulation with the Willams Alligator indicator. Moreover the Awesome Oscillator is gaining momentum right now, while the price is showing the downtrend. The last confirmation that I chose the right side is gonna be the key fractal level breakout at $27227.
I am not going to open additional long at the breakout because I have already opened long with the better risk to reward. This is the local trade becuase globally I expect the new bearish wave.
Best regards, Ivan
Yesterday I opened long at the confrimation of the bullish reversal bar🟢 and now price is fluctuating inside the narrow range. Of course, the price is looking so bad for bulls. We can see the weakness on the price action.
At the same time Bitcoin has formed the bullish reversal bar with the great angulation with the Willams Alligator indicator. Moreover the Awesome Oscillator is gaining momentum right now, while the price is showing the downtrend. The last confirmation that I chose the right side is gonna be the key fractal level breakout at $27227.
I am not going to open additional long at the breakout because I have already opened long with the better risk to reward. This is the local trade becuase globally I expect the new bearish wave.
Best regards, Ivan
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