TRADE UPDATE - BTC 5X LONG

#bitcoin #btcusd #crypto #cryptocurrency #btc #inflation #ratehike #fomc #thefed #jpow

Traders,

You all know I bought BTC this morning at $18,300 with a 5x leverage. We are already up 30% on this trade. Congrats, to those who followed me! Now, it’s time to move our stops. I’ve moved mine up to $18,500 which means I am in the profit either way. This is a nice feeling. I would like to let this one ride for a while. I believe we can do much better. Take a look at the chart above:

From a technical basis on the BTC chart, all signs are go!

- Exited a year-long bullish wedge
- Formed another short-term bullish wedge
- Retested Support Zone
- Retested Critical Support
- Retested 18,140 Support

Almost everything I have been looking to check from a technical standpoint has been completed. LFG!

Best,
Stew