BITCOIN Trading Education (MUST SEE)
Updated
In our first trade, you can clearly see a break to the downside from the triangle formation. Once we had a confirmation candle this was telling us that Bitcoin could drop. The second factor was the extremely overbought RSI and a break below + confirmation closing below the 1hr 50MA. This gave us a fantastic risk to reward trade with a tight stop loss.
In the second trade, you can see on the RSI that we have a bullish divergence which played out perfectly on the descending channel support which broke the resistance to the upside. Again with a great risk/reward with a tight stop loss. Taking profit on our overhead resistance perfectly.
Here are two examples of trades with the corresponding break down on why they happened and how to trade them.
Massive returns can be made trading Crypto with leverage but you must have proper setups.
In the second trade, you can see on the RSI that we have a bullish divergence which played out perfectly on the descending channel support which broke the resistance to the upside. Again with a great risk/reward with a tight stop loss. Taking profit on our overhead resistance perfectly.
Here are two examples of trades with the corresponding break down on why they happened and how to trade them.
Massive returns can be made trading Crypto with leverage but you must have proper setups.
Note
With the second trade you can also see massive buying volume
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