BTC breakout with lots of Volume in 4hr chart (circle in aqua below).
Huge green candle indicating a short squeeze and a sense of Urgency. Look at the length of the candle, lots of buyers.
Accumulation Distribution trending above its EMA13, price and volume trending, very likely indicating strength in trend.
Used the length of the High / Low of the prior range, along with an AB/CD and Fibs to get some possible targets.
The break out was aggressive we'll see if it follows through.
Personally I am taking a trade of the breakout, risking 2% of the Portfolio. Risk Reward around 2 to 3 to 1.
Lot's of good news around the crypto space. We'll see if Elon Musk pumps Bitcoin as he pumped Tesla.
Anything can happen. The future is not certain but of course we can get high probability trades.
Just an OPINION. Please LIKE and FOLLOW. Thank You :)
Huge green candle indicating a short squeeze and a sense of Urgency. Look at the length of the candle, lots of buyers.
Accumulation Distribution trending above its EMA13, price and volume trending, very likely indicating strength in trend.
Used the length of the High / Low of the prior range, along with an AB/CD and Fibs to get some possible targets.
The break out was aggressive we'll see if it follows through.
Personally I am taking a trade of the breakout, risking 2% of the Portfolio. Risk Reward around 2 to 3 to 1.
Lot's of good news around the crypto space. We'll see if Elon Musk pumps Bitcoin as he pumped Tesla.
Anything can happen. The future is not certain but of course we can get high probability trades.
Just an OPINION. Please LIKE and FOLLOW. Thank You :)
Note
1/3 Targets Achieved!
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.