Education

Buy the breakout. Retrace over? You decide

By Felix000

Updated

All details on chart. NOT ADVICE. DYOR.

Note

Here' how the chart currently looks.

Note

Here's with retracements based on close

Note

Here's the current picture. Price only broke yellow box signal after the 14th day. I got no statistics longer than 14 days. Therefore I'm not going short. Not sure if stats would suggest sticking with first break if no whipsaw within 14 days. I believe a strong DXY (dollar index) is what's causing bitcoin to sag. Dollar will have to fall and stocks head back to new highs at some point. Will bitcoin get wind of it first. NOT ADVICE DYOR

Felix000

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.