BTC reacting at trend line on Daily TF
PA touched the trend line that I've been anticipating for the past few days and now showing a nice reaction. This could potentially be the beginning of the retrace on the daily TF that I've been waiting for. There is also the possibility of a minor retrace then continue momentum upwards, if that happens, I'll jump into market longs at semi-large positions.
However, if it does retrace from here, I've marked the potential reversal points in yellow circles for reference. Trade safely!
*Summary: I'm currently bearish during this retrace until PA proves that the momentum continues upwards.*
However, if it does retrace from here, I've marked the potential reversal points in yellow circles for reference. Trade safely!
*Summary: I'm currently bearish during this retrace until PA proves that the momentum continues upwards.*
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