Movement upward on model 3W is possible.
Note
To enter on the breakout of the local resistance level with a large stop, the profit factor will be small. Therefore, after breaking the resistance up, you can wait for a pullback so that the profit factor is large. Or you can buy altcoins for which the profit factor is greater.Note
Dear readers of this idea. Do you understand everything from the brief description of the idea and the visual presentation of the idea? I am used to describing an idea briefly. I think everything should be visually clear. But maybe there is something you do not understand in this idea?Note
Added a small description of the reasons for placing orders. Hopefully this will make the idea clearer.
Bitcoin is forming a small consolidation. Perhaps it will allow you to get better opportunities for an entry order and a stop order.
Order cancelled
Bitcoin broke down consolidation and may decline to the 28K zone. This can lead to lower prices for altcoins.
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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.
Related publications
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.