btc is forming an potential on 4h
BTC is very at the moment but an retrace has to happen at some point.
targets break up 37k-38k.
as i am long now i will take 50% profit in this range, if i feel we might drop from here i will short with an stop close above 38k.
if short here that will only be an scalp trade!
i like to plan for long or short so if break down
if ascending line breaks my SL will be hit but i will short there as well.
if target hit i take 50% profit and i might long there for an potential bounce.
BTC is on an great run up, so watch out for an liquidation hunt