BitcoinLong
BTC 4hr timeframe
Updated
BTC made a really nice W formation, followed by a small consolidation and a nice breakthrough through resistance.
After that it came back to test the level one more time.
When exits you can open a nice long to 7500-7600, if it fails to break through the blue market zone it will fall back to the earlier tested support.
So my advice, wait for the market to show exact direction than you can safely hop in for a nice long or short.
Better make 9 successful trades with 1 or 2% less margin than gamble and pray that you are right.
on long term this is always a winning strategy.
After that it came back to test the level one more time.
When exits you can open a nice long to 7500-7600, if it fails to break through the blue market zone it will fall back to the earlier tested support.
So my advice, wait for the market to show exact direction than you can safely hop in for a nice long or short.
Better make 9 successful trades with 1 or 2% less margin than gamble and pray that you are right.
on long term this is always a winning strategy.
Note
look how beautiful it bounced off the blue line almost scary :-)
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