BTCUSD - waiting for breakout confirmation
MARKET STAGE:
BTCUSD formed a bearish Channel since 2 weeks
I have first signal for a breakout
I am waiting for confirmation
*Careful for bear trap
If i have the confirmation I am looking for, I will enter few trade in ALTS
BULLISH CONDITION:
- 4H candle closed above 6456, breakout confirmation
BEARISH CONDITION:
- 4H candle closed below 6391, back in the channel - false breakout
in this scenario, i will update my chart
MARKET STAGE:
BTCUSD formed a bearish Channel since 2 weeks
I have first signal for a breakout
I am waiting for confirmation
*Careful for bear trap
If i have the confirmation I am looking for, I will enter few trade in ALTS
BULLISH CONDITION:
- 4H candle closed above 6456, breakout confirmation
BEARISH CONDITION:
- 4H candle closed below 6391, back in the channel - false breakout
in this scenario, i will update my chart
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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.
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.