(1H) S.TRIANGLE LOOKING TO BREAK RESISTANCE BULLISH
I’m looking to put in a long after a bullish break and candle close above (resistance) of the symmetrical triangle on the (1H) time frame, if it breaks and closes above 62,500.00 then I’m looking to put in a long position, put my stop loss below the support 61,700.00 aprox (1 ATR) below , we’re looking for price to hit target of highs 65k but we have 2 resistance at 63,946 and 62,588.00 if we are successful in breaking both resistance levels we should be looking at a target of price at bitcoins high and possibly a new ATH, I’m using a new strategy using both Alexander elders (IMPULSE) system using his 13-EMA and replacing it with a 15-EMA trigger , I’m using 3-4 of his indicators/strategy and also CHRIS MOODYS indicators like his MACD, EMA TRENDBARS, and PSAR As well as TORYS Hidden divergence, with using the ATR for stop losses and using support/resistance linear regression Chanel’s , I believe the sweat spot is the 15-EMA right in between the 9-EMA AND 21-EMA , waiting for a bullish cross just gives me a lot of confirmation and confidence in my position. Anyway if u want to know more about my new strategy for bitcoin trading “THE MOODY ELDERLY 15-EMA X STRATEGY “ the X is for how much maximum and sweat spot again 15X leverage , anymore you will have hard time getting a good risk/reward and to be able to us the ATR average true range correctly and successfully,
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