Hello, this is my first published idea on trading view, and I am very open to feedback in order to improve my processes and posts.
Looking at the 1D chart for XBTUSD the downtrend has been confirmed as over and I believe the last week has made the bull flag signal appear much clearer and really help define the break out. I think entering long today would be acceptable, but there are signs that the price could fall slightly more if you'd like to average in and break it up, but I do not see any big falls down to 9800 or below so I would not get overly greedy. I personally have my stop points at the example one given on the graph. I have a 15m chart for swing/scalping analysis using xbtusd for for the next 24-72 hours depending on how quickly the market heats up. Please let me know if interested in that as well, as I saved the snapshot of the idea.
TLDR Bull Flag looking clearer and clearer, begin averaging in more aggressively and protect yourself from the quick pullbacks the market will naturally have.
Looking at the 1D chart for XBTUSD the downtrend has been confirmed as over and I believe the last week has made the bull flag signal appear much clearer and really help define the break out. I think entering long today would be acceptable, but there are signs that the price could fall slightly more if you'd like to average in and break it up, but I do not see any big falls down to 9800 or below so I would not get overly greedy. I personally have my stop points at the example one given on the graph. I have a 15m chart for swing/scalping analysis using xbtusd for for the next 24-72 hours depending on how quickly the market heats up. Please let me know if interested in that as well, as I saved the snapshot of the idea.
TLDR Bull Flag looking clearer and clearer, begin averaging in more aggressively and protect yourself from the quick pullbacks the market will naturally have.
