Long
BTCST | CHANNEL BREAK
BTCST has been i the descending parallel channel for quite some time. bulls tried to break the channel on the upside but failed in the previous 2 attempts. Currently there is a hammer formation on the 4H candlestick pattern so we can assume that this time bulls will be taking dominance to break the channel for the minimum target of 6. Keep protection below 5 though.
Risk reward ratio is good in this trade.
Risk reward ratio is good in this trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.