BTC Trend line Convergence

5 באוג׳ 2019

BTC is pushing up towards the 12k mark again. A pullback to 10k from that range would keep it inside the trend line structure. A move above 12k would change the structure of the trend line resistance and indicate that it may be trying to breakout of the downward channel that has started to form over the last month.

6 באוג׳ 2019

עסקה פעילה

Knock knock knocking on that door....
Pulled back right under 12k. Seems to be heading back to 11k range. Around that point the price will intersect with the faster MA's. A bounce there and BTC is primed to break that trend line resistance and head towards 13k. Took profits in trading account. Long position remains unchanged, may cost average a satoshi or two at 11k or under.