BTC break out?
Given the Fed's relentless pumping it's hard to be bearish on bitcoin, and we may have a fresh break out here.
Now this is a touch early, the algo likes it and there's what appears to be a break out above a descending trend-line BUT...that trend line has yet to be tested, and we are still well below the 50, 100, and 200 day moving averages.
Still, if this is a breakout, BTC tends to move up violently, and a test of the 100 or 200 day moving average isn't out of the question. A small position here may be warranted.
Now this is a touch early, the algo likes it and there's what appears to be a break out above a descending trend-line BUT...that trend line has yet to be tested, and we are still well below the 50, 100, and 200 day moving averages.
Still, if this is a breakout, BTC tends to move up violently, and a test of the 100 or 200 day moving average isn't out of the question. A small position here may be warranted.
Nota
Here's the test of that trendline...time to see if resistance becomes support.Nota
The 10 day moving average held even if the top of the descending trendline did not, watching BTC closely for the next few days to determine whether to continue to hold or to eject.Nota
BTC continues to grind sideways here but is once again above the descending trend-line. Will be interesting to see how the next few days works out...Dagangan ditutup secara manual
breakout turned to be false, stop-loss was triggered.Better luck next time BTC.
Nota
ha, guess I should've just held on for one more day...whoops.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.