BTC Breaks Daily 55 EMA - First Time Since November '18

Long-Term Outlook: More Bullish Action. Many possibilities exist and things are looking very interesting for the longer term. The true test will be breaching the low 4k level at the resistance line. The green box inside the volume gaps could be a nice resting place if the bulls can handle the climb.

Short-Term Outlook: The RSI on shorter time frames is oversold, so we need to reset for continued strength

My position: I am long and leveraged with my stop above breakeven now :)

I am not a financial analyst. Only trade what you are willing to risk. Risk = reward though and fortune favors the brave.
fortis Fortuna adiuvat

Commento:

Update on daily trend:

Trade chiuso: obiettivo raggiunto:

Updating and closing out old ideas. It was validated and was a new bullish trend.