Current trendline confirmed, for now!
Hello wonderful person!
Hoper you have had a great & safe weekend.
There was a sharp correction and test on the BTC price happening yesterday, but the current trendline held.
We might see another correction, but if so; the trendline should still hold.
The indicators are still strong, although they are showing some loss in strength, but still strong.
There are two things I changed on the chart:
- Extended the fib retracement to match current top.
- Extended current trendline in the same angle, in order to capture current and future price actions.
PS
Just because indicators show a continuous strength, with a possible correction. There might come news in the media that can instantly shift the course any direction.
Therefore important you keep yourself updated at all time, stop losses in place; and only trade what you can afford to lose.
Have a great day, and happy trading!!
Hoper you have had a great & safe weekend.
There was a sharp correction and test on the BTC price happening yesterday, but the current trendline held.
We might see another correction, but if so; the trendline should still hold.
The indicators are still strong, although they are showing some loss in strength, but still strong.
There are two things I changed on the chart:
- Extended the fib retracement to match current top.
- Extended current trendline in the same angle, in order to capture current and future price actions.
PS
Just because indicators show a continuous strength, with a possible correction. There might come news in the media that can instantly shift the course any direction.
Therefore important you keep yourself updated at all time, stop losses in place; and only trade what you can afford to lose.
Have a great day, and happy trading!!
Happy hunting and stay safe!
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