BTC Recent Breakout 7/31/2019
Target take profit is near 10500, stop loss inside the falling wedge OR 2% less than current entry position if you didn't buy at the breakout.
Price also broke above the 100 MA with just the 200 MA above it. We need to hold this level to see it continue to rise. Breakout to the downside will likely result in bitcoin obeying the falling wedge again.
I'm not bullish just YET but I am watching closely to see what will happen.
Updates to come.
Price also broke above the 100 MA with just the 200 MA above it. We need to hold this level to see it continue to rise. Breakout to the downside will likely result in bitcoin obeying the falling wedge again.
I'm not bullish just YET but I am watching closely to see what will happen.
Updates to come.
Penafian
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