Dear Traders,
After breaking back up into the expanding triangle, ( first we had a normal triangle from which we had a break-out short)
Now the same support and resistance lines acts as an expanding triangle which is caused by an massive impulse wave driven on fundamental news.
However, the outlook is still side ways to short over the short terms..
Very bullish on the medium - long term.
I am currently running some small short positions with tight SL's above 37500, targeting eventually new lows in the near future. After we reach our target around 29.200, we will continue to go long towards 52-74k.
Wish you all the best in trading.
After breaking back up into the expanding triangle, ( first we had a normal triangle from which we had a break-out short)
Now the same support and resistance lines acts as an expanding triangle which is caused by an massive impulse wave driven on fundamental news.
However, the outlook is still side ways to short over the short terms..
Very bullish on the medium - long term.
I am currently running some small short positions with tight SL's above 37500, targeting eventually new lows in the near future. After we reach our target around 29.200, we will continue to go long towards 52-74k.
Wish you all the best in trading.
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www.twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund