Although I haven't shared this I was not keen on trading bitcoin until it entered this triangle. Now that we are here Bitcoin has shown a very strong upward reaction but hasn't come back to test the base of this triangle yet. So if it goes for the top without testing it, it would make for a very strong short position from there. Lets see. Decision time!
Note
I think bounce is incoming. I will long when the candle hits the trendlineNote
Price is hovering just before entry. Two places of support would be the 50 MA and around 6820 so if taking this trade, place your SLs accordingly.Note
*aboveNote
Honestly a shit trade. Glad I didn't take it.
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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.