Hello friends, the price of Bitcoin (BTCUSD) is supported by the MA 50 on the daily & intraday charts.
As you can see on the right chart (1H timeframe), the price broke the resistance line (highlighted in orange)
and is now aiming for a higher high.
We place our order accordingly, with a Stop-Loss slightly below the previous low and our target
located slightly above the previous high.
We are still in a strong uptrend and the recent decrease in price was definitely not a change in trend,
as mentioned in my previous idea.
Please let me know what you think about this trading idea, especially about trading Bitcoin
after this price surge. I would love to know!
Cheers,
Ares
As you can see on the right chart (1H timeframe), the price broke the resistance line (highlighted in orange)
and is now aiming for a higher high.
We place our order accordingly, with a Stop-Loss slightly below the previous low and our target
located slightly above the previous high.
We are still in a strong uptrend and the recent decrease in price was definitely not a change in trend,
as mentioned in my previous idea.
Please let me know what you think about this trading idea, especially about trading Bitcoin
after this price surge. I would love to know!
Cheers,
Ares
Nota
The price re-tested the trendline, which would have been a better entry. Nontheless, everything goes as plannedOperación cerrada: precio stop alcanzado
Stopped out! Correction incoming
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La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.