Quote from: Lasky366 on August 21, 2020, 02:11:46 AM

Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).

Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.

$BTC provided a bounce as expected, which brought us +17.3% profit using x10 leverage. Still holding the part of the Scalping Position as we might get the retest of 12k$ once again.

Margin position can be taken on either breakout of 12k$ Resistance Zone or on the breakout of the 11.650$ Support Zone.