Bitcoin Bulls Got Their Breakout But They Need Follow Buying

21 thg 2, 2020Bitcoin bulls got their breakout at "A", but can they get follow-thru buying - any bar except a bear bar. Follow-thru buying on the next bar increases the chances of a measure move higher testing the bottom of the trading range at 3. But a weak follow-thru bar will likely encourage bears to short again for move lower testing the 4 sell climax low. Took a flyer position but will exit if the follow-thru bar is a bear bar.
Long 9728.55 Stop 9393.38 for 10,000.

21 thg 2, 2020

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Closeout trade. Bulls have failed multiple times to push the market higher following yesterday's breakout.