BTC Downtrend Breakout in early September
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Bullish Bias (idk what I'm doing)
Long from 6640, tight stop just under 6500
Wanted mid 6500s but could get account funded in time
* I should add I took 50% profit when it pumped to 6750 so maybe I should move my stop to breakeven..
Ascending triangle break of 6750 resistance level (Daily)
Slight increase in volume
*Shorts ATH
Sideways in early September (6800 - 7000) to a major downtrend breakout at 7400 around September 8th - 10th (prev history shows early month trend reversals)
Could see a move down to 6520 first but clean break of that and through 6400 makes me bearish.
4500-4800 bottom if I was forced to make a guess.
-555
Long from 6640, tight stop just under 6500
Wanted mid 6500s but could get account funded in time
* I should add I took 50% profit when it pumped to 6750 so maybe I should move my stop to breakeven..
Ascending triangle break of 6750 resistance level (Daily)
Slight increase in volume
*Shorts ATH
Sideways in early September (6800 - 7000) to a major downtrend breakout at 7400 around September 8th - 10th (prev history shows early month trend reversals)
Could see a move down to 6520 first but clean break of that and through 6400 makes me bearish.
4500-4800 bottom if I was forced to make a guess.
-555
Ghi chú
7400 lines up with the Bollinger Bands center line on the Weekly (or 20ema) which is currently 7330Ghi chú
Edit: it's 7380 not 7330^
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