After a correction by 10% from ATH, BTC finally closed a huge gap on CME on $114.000 level, we are ready to see another wave of growth. I was waiting for BTC to break out EMA-200 level on 4-hour timeframe, after seeing how the price was consolidating below of EMA-200 and trying to break out a few times in a row, I opened a long position on $115280. So far I'm expecting to see the price to break out the upper channel and then we can expect BTC to try to hit new ATM since there is a lot of liqudity from short traders, but for your calmness, you can completely close your position on $120.000.
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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.