Price action finally breaks channel wall but cant stay above it.

28 feb 2018It was exciting to have a 4hr candle both break above the channel wall and close above it However we always need a follow up confirmation candle to close above the resistance line as well for a confirmed breakout and as you can see that didn't happen. after 2 red candles closed It was obvious that this breakout has become at least temporarily just another false breakout. The good news is now that we've put a serious candle wick past the channel wall...the enxt time we test it it will be far easier to stay above. Temporary short at this time is the most favorable outcome...but you do you this is only what I would do and not financial advice. As always. You do you.

28 feb 2018

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I've moved my position over to Ether for the moment because it currently has a risen percentagewise over btc and is up almost 1% on it...as long as ETH is in the green percentage wise over BTC I will continue to hold my position in eth...once it again becomes btc who has the percentage favorability I will switch the position back to btc.

28 feb 2018

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I have traded back over from ethereum to bitcoin.

28 feb 2018

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with any luck this current 4 hour candle will close as a green doji and we'll see a reversal back to the bullish side.

28 feb 2018

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I've swapped btc back for eth