Whilst men slept, Bitcoin the offspring of Satoshi Pumped and we got stopped out of our short position.
Now, we sold two days ago because price was within a resistance zone and had broken below our rising wedge pattern, we held unto the sell because price retested the $9.6k resistance level severally but failed.
Eventually at about 10pm, price broke back into the rising wedge and above the $9.6k resistance which was a signal to cover our short and go long but alas I was a sleep and missed out.
Currently, price has formed a mini support around $10,100 and its consolidating. I expect price to retest the $100,350 area once more, but the risk:reward ratio isn't worth taking the buy plus price is technically still within a resistance zone until we clear the $10,500.
So, for now we find something else to trade while we watch and wait.
Now, we sold two days ago because price was within a resistance zone and had broken below our rising wedge pattern, we held unto the sell because price retested the $9.6k resistance level severally but failed.
Eventually at about 10pm, price broke back into the rising wedge and above the $9.6k resistance which was a signal to cover our short and go long but alas I was a sleep and missed out.
Currently, price has formed a mini support around $10,100 and its consolidating. I expect price to retest the $100,350 area once more, but the risk:reward ratio isn't worth taking the buy plus price is technically still within a resistance zone until we clear the $10,500.
So, for now we find something else to trade while we watch and wait.