Hi Traders !! Price is right now Trapped Between the Channel so you will see and upward move. Also pay attention at the upper trend line , you will see the breakout very soon Thanks :)
Oops. looks like support at 5.5k has been penetrated. Next stop 4.8k? Good luck!! Thanks for sharing.
Daniel-Malik
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@Benjamix, I think no, It wont go till 4.8k I guess. Because If you read the news, you will find that this month's BTC trades are almost 0.50 % more then last month. SO I guess we can still go with an up trend .
Benjamix
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@Daniel-Malik, your top trend line has failed twice now.... Current volume is low from what I see.. Might be a risky long for now...
Daniel-Malik
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@Benjamix, That was just a trap and If you see the trade, price comes back again into the channel.
Benjamix
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@Daniel-Malik, Good Luck !! We're all going to need it...
@Benjamix, :) Actually we hAve to give trade a little bit of room to move, I have the trading experience of around 3 and a half year. I personally read more than 65 books on trading, Hedge funds and stuff like that, you must know this if you were following me from the past. Well one thing I am telling you just for educational purpose that don't make your trading setup too much precise. always try to give some room for the trade to take out. thanks :)
Benjamix
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I have to consider time frames as well before commenting. Your scale was a lot shorter than my personal scale and I have a bit of practice ahead of me interpreting the nomenclature of different people.. It's like learning a second language.. you misinterpret language indicators of a day scale trade with hour candles for a week/month scale trade and jump the gun on the basics of communication... Live and learn..