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Bitcoin
Long

BTC 50500 Break and Rejection Scenario

Di Tuneedits
Aggiornato
Price keeps hitting above 50k
Major resistance at 50500, if it gets broken expecting a rally towards 51500.
If rejcted, bounce back to 50k with subsquent break towards 49150.
Trade attivo
Break above, long order filled.
Nota
Second wave long incoming
Trade chiuso manualmente
Taking profit, lots of resistance coming from 50800
Trade attivo
Long from 50600
SL at 50605
Trade chiuso: stop raggiunto
Nota
Once resistance at 50810 is broken, longing again.
Tight stoploss recommended.
Trade attivo
Longing now 50810
SL at 50750
Nota
Profit Target 50960
Trade chiuso: stop raggiunto
Nota
Strong rejection, double shoulder incoming then expecting steep drop if the second wave breaks downwards of 50650.
Nota
Got some solid profits longing the breaking resistance.
51k resistance stronger than expected, adding to future analysis.
Rally to 51500 still very possible.

Long from 50850 when breaking upwards.
Otherwise short after 50610 when breaking downwards.


I'm done for for now.
50kBTCCandlestick AnalysisFibonaccifobinacciSupport and Resistance
Tuneedits
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