BTCUSD: High Reward To Risk Setup

Updated
Welcome everyone to this new trading idea!

I hope everyone is enjoying their Saturday and as im analyzing my charts, i found this beauty on BTCUSD.

I got in cryptos quite a few weeks ago and since then, im making good profits from them! I mainly focus on Bitcoin for now, but lets see how far we can go!
As far as i can speak from experience i think technical analysis, the way i use, works even better for now on BTC than on fiat currencies. What do you think about the difference between cryptos and normal currencies?

Back to business: Im looking for longs around the two horizontal lines and with a risk to reward of over seven this is a great setup for the weekend!

I will keep you guys updated in the comment section and wishing you a great rest of the weekend!
Trade active
Price spiked down into area and is creating bullish momentum.
Note
Adjusting risk and putting SL at BE.
Note
WOW! I really like to trade cryptos and i honestly think price action works even better here.
Trade closed: target reached
TARGET HIT! What a beautiful trade!
Beyond Technical AnalysisBitcoin (Cryptocurrency)bitcoinforecastbitcoinpricebitcoinusdBTCBTCUSDbtcusdlongChart PatternscryptoCryptocurrencyTrend Analysis

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