Finally! We got the breakout on Bitcoin! Price action was suggesting this would happen so i hope you following along managed to get a buy in on this move. We find price sitting in the supply zone which has contributed to recent drops back so this is the level we need to break for a nice medium term continuation trade. We are currently 618 pips in profit. So if you want to take profits here that's fine, or close half position and let the rest run. Looking for a retest of the break of wedge for continuation, or a continued push. Will update again next week. GLIYF
I like this for sure, i think the TP is definitely achievable have a really nice low resistance run too and an imbalance to fill
Good morning all, quick update today on the BTC trade. The supply zone has been broken!! We got a nice push through in price, and we are now creating higher highs. Is the next bull run starting? Certainly looks that way. Currently we sit 942 pips in profit. TP1 zone is in sight now, we may get a small pullback in price top create a higher low next before more continuation. Keep holding for now folks and i will update again upon further movement. GLIYF
I think we'll be crossing the 50K mark by the end of the weekend, but we'll see. 44K is also very possible!
Good morning all. Just another small update today on the Bitcoin buy trade. Price looks to be respecting bullish structure so far. We got a nice pullback in price, as you can see it wicked right down to the demand zone and closed at the level of current support. Also looks to be a nice bullish flag forming so we may soon see the next leg of the bull push come to fruition, we may see some sideways action for a few days prior but that's fine. I have moved my SL into profits at $43K. I suggest you do the same just incase price comes crashing back down. Better to secure the bag whilst in profits. Will update again in a few days or so GLIYF