Bitcoin Trend Explained | Why $6200 is the Bottom before Halving

2020년 4월 10일

Bitcoin Update

Important Trend Lines

Bearish Trendline (Red)
Long term Resistance is being respected by Price Action. Price was not able to test it even. Breaking this Trendline will trigger $8000.

Local Trendline (Blue)
It was the Local Diagonal Support since the dump. Unfortunately, Closing Below $6900 on Daily will confirm a Breakout and Targets can be around $5500.

Bullish Channel (Yellow)
Closely, PA is making a Bullish Channel and which is considerable fitting in the Bearish Set-up.
I was thinking to short but one of the Bullish Signs made me not to trade it. as $7300 was like a strong support.
I think low will be $6200 not $5500.

How To Trade

Wait for Breakout and Ride the Pullback.

Breakout is almost done and We waiting for riding the Pullback.

I would like to Load my Shorts in Staggered Entries ($7150-$6975)
Stop Should be at $7350

Summary
Trend is Bearish for me (If We close below $6900 on Daily)
and Bearish Targets $6200.


Bull Flag (Hope for $8000)

2020년 4월 18일

거래청산: 타겟 닿음

Short Targets were hit Down. With Last TP at 6520.