Technical crypto analysis based on breakout – I choose to remain flat,


I choose to remain flat,

Technical Observation:
Two weeks ago, BTC touched a weekly support set at $5741.73. I went long precisely around $5741.73 and is now almost $4523 points up. I expect a rally towards $14185.90 and should continue upwards. I took profits around $11640.83, and is currently expecting a break above $11904.48 to pick another long position towards my initial take profit set at From a monthly point of view, BTC could correct it self lower towards $1000.00 which is an ideal buy place for BTC buyers. If you’re not already in a long position, you should wait for a second attempt to pullback towards the weekly support line $ 5741.73 to long BTC. If this support is breached, then a sharp decline towards $1000.00 is expected.
Trade Signal:
I choose to remain flat, and only buy BTC above $11984.48 or upon a rebound from $5741.73.

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