Trendline break. Exiting trade.

27 авг. 2020 г.

Disappointed to see TFUEL break the trendline we had been siting on. Failed to break out of the short-term descending channel forming since hitting latest high at 154xx. Was hoping for another leg up. Exited in slight profit. I am a noob and this is my first analysis, would love feedback.

27 авг. 2020 г.

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Currently testing support at 10800sats. Next 4H candle will decide if we can see another move up in the short-term.

27 авг. 2020 г.

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Broke support at 10800. Most likely going to rest at mid-term trend line ~99xx sats.

27 авг. 2020 г.

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With BTC going up, Tfuel looks ready to take-off again. Will update if I open a long position.

28 авг. 2020 г.

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Broken out of the descending channel. Waiting for a candle close with higher low above the 10800 before re-entering.

28 авг. 2020 г.

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Double bottom on the 5M chart and an ascending triangle on the 1H. Let's see if we can power through the 11200 mark before opening a trade.

28 авг. 2020 г.

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Printed a red 4H candle with close at 10797. Would be nice if BTC could sit pretty for a few hours. Next candle to decide whether we enter.

28 авг. 2020 г.

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Broke through 11200 sats mark. Now we wait for candle close to confirm trend. Else can enter now with due risk and keep raising stop-loss so trade closes in profit should BTC start dumping again.