This is a short term trade. The price bounces from the uptrend line and Kijun. RSI confirms price reversal. Entry level is 14700.00 with stop below the local swing low at 14000.00 level. Profit targets are 15400.00 and 16000.00 levels.
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If the price breaks the uptrend line and buy orders are not activated, you should delete them and wait for a new trading opportunity.
Spot on. Looks like it's testing the 16k resistance right now. All of my btc are in alts. :( Do you think it'll retrace now and consolidate more or should we expect it to hit 17-20k short term?
emceeanders
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@vspectra, if it breaks resistance at 16.4k or so it will probably go up. If it doesn't then it will probably continue to trade in the 12K-16k channel
vspectra
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@emceeanders, Thanks. Man, dunno if to hold or sell my alts. lol.