BTCUSD. Falling wedge is forming by the Libra's hearings date

15 ott 2019

Key notes:

• If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
  
• For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
  
• I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge will be resolved with target between 9k - 9.4k.
  

15 ott 2019

Nota

16 ott 2019

Nota

Selling volumes are still decreasing, I'm waiting for a confirmation of breakdown of the trend lines to close the trade with loss.

16 ott 2019

Trade chiuso: stop raggiunto

BTC looks weak and goes to 6.5k, it seems

16 ott 2019

Nota

The level still can hold, but the risk of breakdown and free fall is too high

16 ott 2019

Trade attivo

Level seems to be hold. Looking for the next movements. This week is decisive.

16 ott 2019

Nota

Also there is MA240 daily, which supports the price here

17 ott 2019

Nota

For now, it looks like it was a fake breakdown. Target is the same: 9k

19 ott 2019

Trade chiuso manualmente

BTC couldn't recover from here. It's better to close the longs, because another drop can occur on a thin market during the weekend