Channel & Triangle Breakout "Long Bitcoin" BTCUSD
Updated
Bitcoin BTCUSD is looking like there is stochastic momentum and triangle & channel breakout that is currently happening. Starting to see the breakout happening right now. I am looking for a slight breakout on the hourly stochastic. The hourly chart and overall trend is still bearish. This is a trade on the hourly time frame and might rotate back down once the hourly stochastic gets overbought again
Trade active
It looks like the stochastic broke out of the coil stochastic set up and the hourly stochastic is still positive. The chart is still set up in a bullish mannerTrade closed: target reached
This was an hourly time frame trade set up. It performed how we wanted it to and now the stochastic is overbought, the trade set up has been reached.
Kris "Maddog" Kagan -
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