BTC break upwards before continuing dump

18 jun 2018

This is my idea for a short term scalp. BTC seems like it's going to break upwards out of this pennant. Play a long, looking to close it around 6800 level when it hit long term downtrend diagonal.

18 jun 2018

Nota

The chart has just broken upwards, and we're approaching 6800. I set a take profit limit order. Let's see if my target hits.

18 jun 2018

Nota

6800 target has been hit. Wicked through to 6880. I am watching closely with tight stops. Don't want to call tops, could continue to break up.

22 jun 2018

Operación cerrada manualmente

And finally, the end of my short term thesis. We hit 6800, I made brief long profit, it was rejected from the long term downtrend, and made a drastic move towards long-term support