While it certainly feels like pickpocketed as stop got breach but recovered quickly, trading plan need to be followed with discipline. Bigger picture though 45k #EUR bottom for #BTCEUR has been there for months and the bullish #Elliottwave pattern is now rather full on the weekly. Notwithstanding a minor lower low, the weekly close of this week will need to be treated with respect as a close below 50 weeks SMA ~46k will hurt the longterm bullish trend. Closing above 55k is a good signal of the 5th wave starting.
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EuroChartCreator
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#BTCEUR getting close to 54k #EUR & potential #Elliottwave 2 of V support region, layer in long positions between 55k-52k with 51k stop gives defined risk of max. 2.5k or less than 5%, conservative upside target roughly 80k-90k.
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