Bitcoin Update – booking profits and waiting

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

CrackingCryptocurrency

After a nice markup phase, Bitcoin is currently stalling out.

Above us we have the resistance of the 200 daily simple moving average . This is a tough nut to crack.

Time transformation, one of our primary momentum oscillators, just printed a bearish cross under and overbought territory. This is considered a sell signal.

Rather than exiting my entire position, I am going to take partial profits here, update my stop loss, and wait for price to break out of this range.

You might be interested in …

Trading View March 28, 2022

BITCOIN BREAKOUT! What's next, and how to play it.

Bitcoin BREAKOUT! What's next, and how to play it. BTC/USD COINBASE:BTCUSD funtimes If you have been following my last few BTC charts, clearly you are liking what you see and playing this perfectly. You can […]

Trading View May 1, 2022

ADAUSD analysis

ADAUSD analysis Cardano / US Dollar (calculated by TradingView) BINANCE:ADAUSD a_sd I think Cardano can come back from these two points

Trading View April 11, 2022

Why BTC dumped? Check info

Why BTC dumped? Check info Bitcoin / TetherUS BINANCE:BTCUSDT CannonBall3D BTC pumped in 7 March coz it was creating huge bearish 12hr ascending triangle , price climbing by many rising wedges and symmetric triangle, the […]