BTC Broke Last Downside. Retest Not bullish. Down to 17400.

17400 is the next support for btc and seeing how harsh the daily close was, I expect for bitcoin to be bearish.
IMO it will be bearish for a few weeks/months as we are at the top of a distro phase.

If btc breaks through topside green box trade is closed.

ความคิดเห็น:

Sketching placements are not exact timing wise but height is most important

ปิดการเทรด ด้วยตนเอง:

Did not reach complete TP of 17400 but it did attempt a breakthrough with no success. It wicked off of 17570 instead (which was another support)
Still not a lossful trade.
I will try to get better at spotting which levels are the most powerful in the future ;)