BTCUSD Buy the strong breakout or watch bottom
Updated
Hi there,
BTCUSD is still in a bigger correction which is about to end very soon and we are going to see direction for longer term.
This is a short term buy setup.
In case price start to rise sharply then ofcourse you can hold the buy position for longer term and if not then take off and look for buy again at bottom i will update the chart if that is going to happen. So far look for buy.
How we can trade on this chart.
1. Watch for the strong breakout from current price and look for buy and look for continuation for upside.
OR
2. Let the price come down and test the bottom then look for 15 minutes 1st impulse and look for buy.
If price dont break for upside then you can look for short term sell with in the flat formation for short term up to previous low and then look for buy at bottom.
I hope you got the idea how to trade on this chart.
Good Luck
Please support the setup with your likes, comments and by following on TradingView thanks
BTCUSD is still in a bigger correction which is about to end very soon and we are going to see direction for longer term.
This is a short term buy setup.
In case price start to rise sharply then ofcourse you can hold the buy position for longer term and if not then take off and look for buy again at bottom i will update the chart if that is going to happen. So far look for buy.
How we can trade on this chart.
1. Watch for the strong breakout from current price and look for buy and look for continuation for upside.
OR
2. Let the price come down and test the bottom then look for 15 minutes 1st impulse and look for buy.
If price dont break for upside then you can look for short term sell with in the flat formation for short term up to previous low and then look for buy at bottom.
I hope you got the idea how to trade on this chart.
Good Luck
Please support the setup with your likes, comments and by following on TradingView thanks
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