BTC – Still not out of the downtrend yet!

We’re getting close to the bottom but we’re not there yet imo             .

Positive signs: volume is steadily decreasing and the 200 MA is slowly creeping up.

To remove noise caused by “barts”, we will use the 3 day chart. We are clearly at resistance before a breakout or rejection. No position currently as that would be asking to get rekt!

If we breakout:

– Stacking longs between 7675 and 7800

– SL @ 7600

– PT @ 8550/8600+

If we get rejected:

– Stacking longs between 6800 and 6950

– SL @ 6650

– PT @ 8500+