Bitcoin a story of longs and shorts part2
In my lats post, I talk about shorts. Let's now take a look at longs.
Longs are making highers lows since April 2019 in a trading pattern that can be associated with an ascending triangle.
They are above all the exponential moving average on the daily chart and since last week above what can be considered as the "breakout point".
If the pattern were to be fulfill the the target for the cumulative open longs positons should be 35944 which theoretically would also correlate with a cycle TOP on the price of bitcoin.
In that regard I will continue to watch carefully the two chart (longs and shorts) and trade accordingly.
This is just my opinion and should not be considered as financial advice. Good day to all.
Longs are making highers lows since April 2019 in a trading pattern that can be associated with an ascending triangle.
They are above all the exponential moving average on the daily chart and since last week above what can be considered as the "breakout point".
If the pattern were to be fulfill the the target for the cumulative open longs positons should be 35944 which theoretically would also correlate with a cycle TOP on the price of bitcoin.
In that regard I will continue to watch carefully the two chart (longs and shorts) and trade accordingly.
This is just my opinion and should not be considered as financial advice. Good day to all.
Сделка активна:
It took a really long time but we are still here.
two scenario : 1 retest the breakout resistance line as support
2 reach target ; sell everything.
two scenario : 1 retest the breakout resistance line as support
2 reach target ; sell everything.
