BTCUSD. Falling wedge is forming by the Libra's hearings date

15 thg 10, 2019

Key notes:

• If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
  
• For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
  
• I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge will be resolved with target between 9k - 9.4k.
  

15 thg 10, 2019

Ghi chú

16 thg 10, 2019

Ghi chú

Selling volumes are still decreasing, I'm waiting for a confirmation of breakdown of the trend lines to close the trade with loss.

16 thg 10, 2019

Đóng lệnh: dừng lỗ

BTC looks weak and goes to 6.5k, it seems

16 thg 10, 2019

Ghi chú

The level still can hold, but the risk of breakdown and free fall is too high

16 thg 10, 2019

Giao dịch đang hoạt động

Level seems to be hold. Looking for the next movements. This week is decisive.

16 thg 10, 2019

Ghi chú

Also there is MA240 daily, which supports the price here

17 thg 10, 2019

Ghi chú

For now, it looks like it was a fake breakdown. Target is the same: 9k

19 thg 10, 2019

Giao dịch được đóng thủ công

BTC couldn't recover from here. It's better to close the longs, because another drop can occur on a thin market during the weekend