A look at the current flag on BTC/USD
The flag was punched up, but the supposed strong movement did not happen. Rested in the line of resistance. The 100th day moving average is not yet taken.
In this situation I recommend the following:
If you have a long position, then it should be comfortable, cut a little bit. Stop should be placed under the middle of the flag. To increase long positions is on the breakdown of $ 7800. (Do not forget the difference between puncture and breakdown)
If you do not have open long positions, then you should wait and open for a breakdown at $ 7800. It's best to put a pending order to get you into the market right away, and then manually control your position.
In any case, one must beware of false breakdowns.
The Altcoins are still in a very dubious position.
In this situation I recommend the following:
If you have a long position, then it should be comfortable, cut a little bit. Stop should be placed under the middle of the flag. To increase long positions is on the breakdown of $ 7800. (Do not forget the difference between puncture and breakdown)
If you do not have open long positions, then you should wait and open for a breakdown at $ 7800. It's best to put a pending order to get you into the market right away, and then manually control your position.
In any case, one must beware of false breakdowns.
The Altcoins are still in a very dubious position.
Penafian
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