BTC has been gently consolidating since its 10% spike on 8 Feb and is now forming a what looks like a classic bull flag.
I will enter on a touch of the former green trendline at 3545, and add to my position at 3522 if price drops to the fib 50% level.
SL tucked below FIb 61 level as a precaution.
TP at the previous high 3705 and pink descending trendline around 3790.
Ent: 3545
SL: 3450
TP1: 3700
TP2: 3790
I will enter on a touch of the former green trendline at 3545, and add to my position at 3522 if price drops to the fib 50% level.
SL tucked below FIb 61 level as a precaution.
TP at the previous high 3705 and pink descending trendline around 3790.
Ent: 3545
SL: 3450
TP1: 3700
TP2: 3790
Commento:
Big red rejection candle - price could be heading lower.
Commento:
SL moved to BE @ 3546