#BTC Breakout
So yesterday I posted about how the BTC breakout was imminent. After the first initial breakout of around $8800 - $9200.
Here's a brief look at a trade I entered into yesterday.
I bought it at the lower blue line at around $9200 USD and sold just below the upper blue like at around $9920
As I mentioned yesterday the break out was imminent and I got in on some sideways consolidation from the initial breakout.
You can see my break down here: https://steemit.com/bitcoin/@fuble/btc-breakout-imminent
Once we hit the $9800 mark I watched BTC more closely to see if we could break $10000 USD psychological. This did not happen and I took profits at this point because we were quite overextended on the 4 hour and 1 hour RSI levels.
Correction for BTC is due
So after this huge run it is very likely we see a correction and the price drop off a bit from $9900 USD. I will be watching this closely to see a good entry point to get back into BTC. Now I'm all fiat just patiently waiting :)
Happy Trading and Hodl strong to all you guys out there.
Let me know if you have any feed back, always happy to hear suggestions.
Peace
Fuble