| Bitcoin technical analysis update for 15 Aug: Following another "fakie" above the recent high and the 25k mark, bitcoin is testing the diagonal line, now acting as support. Watch for 4 hour candles to close above the recent high or below the VWAP (purple line). The stop loss of the original trade idea, presented in the video at the top of this page, is still active and has not been reached, despite the recent rally. When trading crypto, one must have healthy stops, rather than close or "obvious" ones that most others would set. See the full thread of this technical analysis and trade idea, still alive, at: https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-bulls-might-be-giving-up-soon-20220813/ |
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