Tuneedits

BTC 50500 Break and Rejection Scenario

Long
Tuneedits Aggiornato   
COINBASE:BTCUSD   Bitcoin
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.
Commento:
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
Commento:
Once resistance at 50810 is broken, longing again.
Tight stoploss recommended.
Trade attivo:
Longing now 50810
SL at 50750
Commento:
Profit Target 50960
Trade chiuso: stop raggiunto
Commento:
Strong rejection, double shoulder incoming then expecting steep drop if the second wave breaks downwards of 50650.
Commento:
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.

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