$BTC #BTC USDT - Waiting for confirmation - Short term bearish

It's been a week of bad news & FUD in the market. Started with Bitmex, Donald Trump's Covid - 19 and so on. $BTC looks short term bearish. Need to break 10830 and hold it for bullish confirmation if breaks 10200 then I lean bearish. Currently sitting sidelined and not taking any trades. Any direction alts will bleed, stay out of alts. Local resistance at 10700-10750.

Giao dịch đang hoạt động:

BTC broke the triangle on 08th OCT 2020. I waited for day candle close and Entered long at 10870 now current price aroung 11367. approx 4.5% profit from entry. Need to break 11,500 with good volume and hold for continuation.

Personally not satisfied with the breakout as global open interest has not much increased. Could be a bull trap as well. Keeping stoploss at 11,000 as of now. Will update later

Bình luận:

Closed my Trade at 11500.