BITCOIN (BTCUSD) Trend Following Trading Plan
Updated
BTCUSD is retesting a trend line that it broke last week.
To catch a bullish continuation from that, I would recommend looking at a falling wedge pattern on 1H chart.
While the price is inside that, it remains in a local downtrend.
However, once its resistance is broken, bullish impulse will most likely follow.
Your task right now is to be patient and wait for a breakout with a candle close above.
Then long can be initiated on retest or aggressively.
Potential goals: 36.000 / 38.000
Good luck!
Note
Perfectly flies to the first goal!Note
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