Simple scalp based on swing strategy and risk management.
Simple scalp based on swing strategy and risk management.
A simple analysis based on a powerful swing strategy.
I have said before that I expect to see a pattern before the green zone is broken, and now if it is a flag pattern we can open it after confirming the purchase order and keep it close to the main resistance.
I have said before that I expect to see a pattern before the green zone is broken, and now if it is a flag pattern we can open it after confirming the purchase order and keep it close to the main resistance.
Given that the price is in the daily time frame in the overbought and below the Moving average 50, it is unlikely that it will be able to break the previous LH and start an upward trend. So if we see a candlestick pattern or a classic bearish pattern before the red area is broken, we can open a sell position to reach a new LL.
If the price leaves the pattern before the green area is broken, it can move closer to the previous major resistance.
A simple analysis based on a powerful swing trading strategy.
The price seems to be unable to form a new HH and is probably forming a new LL. If so, either the price will probably be sidelined or we can look for a sell position in the downtrend.
This analysis may be confusing, but if you are careful you can predict the bitcoin trend.
Because the previous LH is broken, we can say that an uptrend has taken shape, and if a new HL is formed by the criteria of the candlestick pattern or the classic pattern, we can open a buy position to reach a new HH.
If we see a candlestick pattern or a classic pattern and a new HL is formed before the green area is broken, we will definitely have a new HH.
Because the price has broken the last LH, if a new HL is formed, the next HH can be close to the major resistance.
According to the swing trading strategy, if we see a candlestick pattern or a classic pattern before the green area is broken, we can open a buy order.