Hi once again folks,
We're back with a great trade on the infamous Bitcoin, in the more recent times we have seen crypto absolutely soar and Bitcoin is definitely back for some more, may it be now or later.
BUY/LONG Order
Entry - 15670.00
Target 1 - 17900.00
Stop Loss - 14900.00
As you can see from the chart analysis, I've drawn up an ascending triangle, indicating a potential continuation of the bullish trend. In terms of entering this trade as price action continues, makes sure to enter within the blue box drawn. If price tests the last highs (the top of the green triangle), then look for an entry above, as it may retrace to the bottom of the triangle, which if so enter at the bottom. This is a great trade with huge potential gains, the sky is the limit.
The target has been calculated by taking the same ascending triangle and placing it above, as you can see on the chart.
Its up to as the trader to decide whether to close the trade completely at T1, however it may be wise or not, to leave anywhere between 10%-25% of the trade in incase it pushes higher.
Thanks
The Market Sniper Team
We're back with a great trade on the infamous Bitcoin, in the more recent times we have seen crypto absolutely soar and Bitcoin is definitely back for some more, may it be now or later.
BUY/LONG Order
Entry - 15670.00
Target 1 - 17900.00
Stop Loss - 14900.00
As you can see from the chart analysis, I've drawn up an ascending triangle, indicating a potential continuation of the bullish trend. In terms of entering this trade as price action continues, makes sure to enter within the blue box drawn. If price tests the last highs (the top of the green triangle), then look for an entry above, as it may retrace to the bottom of the triangle, which if so enter at the bottom. This is a great trade with huge potential gains, the sky is the limit.
The target has been calculated by taking the same ascending triangle and placing it above, as you can see on the chart.
Its up to as the trader to decide whether to close the trade completely at T1, however it may be wise or not, to leave anywhere between 10%-25% of the trade in incase it pushes higher.
Thanks
The Market Sniper Team
Note
Well done guys! We hit our take profit target! That’s a 14% increase! Please like and follow for more.
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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.