BTC March 28, 24: A Handle Continues To Form

After a failed break out of the handle on March 27, 24, as discussed in an idea you can see in the related ideas section, BTCUSD continues to move inside this handle and a breakout of this handle would provide an entry.

A failed break is good because it means some traders took a loss (including me) and will be hesitate to re-enter.

The main thing is that BTCUSD is still in an uptrend on a longer timeframe therefore we should continue to look for a buy point even the previous traders were failed.

Zlecenie zamknięto ręcznie:

I closed the trade on March 29, 2024 at 4AM UTC as the price is still in consolidation, meaning it could not follow through after breaking out of the handle