BTCUSD consolidation- setup for a breakout

4 Ağu 2018

Consolidation on the hourly setting up for a big move. If we break out of this consolidating channel before the trendlines converge I'll be looking to follow the breakout direction with a short at ~7410 or long at ~7470 for a short term play.

4 Ağu 2018

İşlem elle kapatılmış

Breakout happened to the downside, short entry of 7410 worked out as a very nice trade. Closed at 7070.

4 Ağu 2018

Not