Bitcoin (BTC/USD) Price UP or Down? - Liquidation positions? Triangle Fake Break?

In the last few hours the price of Bitcoin has returned the price forming a false break of the triangle.

Let's see

What do you think has happened? The exchanges went to liquidate long positions?

From what we see the price was not sustainable and they went to look for liquidity.

picture source:https://blockchainwhispers.com/bitmex-position-calculator/#

For now the price remains above the average line of 21 daily chart.

It is very important to close the day, above that middle line so as not to think that it will continue correcting the price. And keep thinking about Bullish Bitcoin

To continue correcting The price could form the Shoulder, Head, Shoulder (SHS) so mentioned these last weeks? What you think?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

We will continue monitoring To be attentive Protect your Investments

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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