On chart is shown a partial of circular support and resistance purple-colored lines.
Support at 6650 and 6550
Resistance at 6850 and 7200
2 PRs:
PR1 trgt = 6605 (reached) (=strong signal) -- further uptrending momentum is likely - failing more than 2 PR failures.
PR2 trgt = 7034.51 (Not yet reached) -- needs more time till proven failed (=avg strength signal w/BearishDiv)
MAs are Positive on price.
RSI wma45 is positive
1 NR: Failed on 4H
1 NR: Still putting negative pressure on 12H frame
Entry made @ 6500 - June 18th
50% position sold ~ 6730 June 20th
placed stop 1: 6525
placed stop 2: 6300
Re-entry @ breakout of 6800 - 6900 zone with valid volume on 4H frame
Odds:
60% Up
40% Dn
Support at 6650 and 6550
Resistance at 6850 and 7200
2 PRs:
PR1 trgt = 6605 (reached) (=strong signal) -- further uptrending momentum is likely - failing more than 2 PR failures.
PR2 trgt = 7034.51 (Not yet reached) -- needs more time till proven failed (=avg strength signal w/BearishDiv)
MAs are Positive on price.
RSI wma45 is positive
1 NR: Failed on 4H
1 NR: Still putting negative pressure on 12H frame
Entry made @ 6500 - June 18th
50% position sold ~ 6730 June 20th
placed stop 1: 6525
placed stop 2: 6300
Re-entry @ breakout of 6800 - 6900 zone with valid volume on 4H frame
Odds:
60% Up
40% Dn
Note
ascending wedge pattern is adding to the negative side. Stop loss tightened. Trade closed manually
After checking 
XRPUSD #xrp (stop at 0.530) and 
ETHUSD #eth (Stop at $520) charts on 30-min frame charts. Both shows NRs with increasing momentum and they weren't neutral-to-positive as 
BTCUSD #btc. they are more negative. I've already decreased my holdings from 50% to 25% in #xrp and #eth. closed all position in #btc.
Trade closed: stop reached
Trend has proven failed to continue and expected go further lower. Stop has been hit. Position is liquidated at 6650.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.