Bitcoin - within triangle and near breakout - how to trade
Updated
market reached yesterday again the middle term area and we entered with a long position. We expect one more test of the drawn buy area before the market start up movement to at least teak profit 1.
- 50 day moving average (yellow line) crossed the 100 day moving average in down direction which is short term bearish indicator
- RSI baseline crossed the down trend resistance line and need to confirm the breakout before more up movement
all other important informations are drawn in the chart, don't forget to like and share if you like the idea.
Feel free to leave a comment or to share your idea.
- 50 day moving average (yellow line) crossed the 100 day moving average in down direction which is short term bearish indicator
- RSI baseline crossed the down trend resistance line and need to confirm the breakout before more up movement
all other important informations are drawn in the chart, don't forget to like and share if you like the idea.
Feel free to leave a comment or to share your idea.
Note
market looks like fake movement and incoming down move as drawn in this chart
Trade active
long trade active after breakoutTrade active
TP1 reached - market will reach TP2 within next 12 hoursTrade closed: target reached
trailing stop reached after breakdown from 8200 $ area new market analysis coming soon
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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