If going SHORT wait for the consolidation and the breakout.
Same goes for a LONG position, although I am not too optimistic going LONG due to the fact BTC is super over priced and the massive upwards channel (blue lines) is signaling we are close (if not already!) to the top.
# Risk Management
Place stops above or below the consolidation.
# Targets << will update this once the structure has formed
Roll to break even at 1.27 extension
Take profit at
Take care and thank you for reading.
The trend? I have not mentioned anything of the sort my friend. The structure is an upwards channel.