Dear traders and followers,
welcome back to our latest Bitcoin idea.
The market has been shaping a tighter and tighter price channel since mid-May in the range from 42K down to 30K and is currently
at the no trading area (sell at resistance or buy at support)
The diagonal short term up trend line has been broken yesterday and we can expect a soon retest of this area.
All volume indicators doesn't show any sign of incoming bullish movements at all but this can change quickly.
For the moment our limit order buy area is between 30K - 31K $ with a tight stop loss and take profit near 42K $.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
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Thanks for your support!
welcome back to our latest Bitcoin idea.
The market has been shaping a tighter and tighter price channel since mid-May in the range from 42K down to 30K and is currently
at the no trading area (sell at resistance or buy at support)
The diagonal short term up trend line has been broken yesterday and we can expect a soon retest of this area.
All volume indicators doesn't show any sign of incoming bullish movements at all but this can change quickly.
For the moment our limit order buy area is between 30K - 31K $ with a tight stop loss and take profit near 42K $.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
Note
tested twice the trend line and resistance
now going into down movement as expected
Note
just nailed the entry an looking for sell signal before closing the position early without any signal from marketTrade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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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.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.