Here's where we are standing right now.
Updated
Welcome Tradingviewers,
To begin with, i see alot of fear in the tradingview stock charts, people either being super bullish or super bearish .
The truth is, nobody doesn't know. My charts are based on market movement and zero emotion.
As we go through the chart, we see that Bitcoin has formed a Mid-term bearish channel since July 2019.
At the same time we also see that Bitcoin created a big symmetrical triangle since december 2017.
This leaves us for good trading opportunities with low risk:
If you like my idea please leave a like so i can make more of these. :)
Any questions can be asked in the comment section.
To begin with, i see alot of fear in the tradingview stock charts, people either being super bullish or super bearish .
The truth is, nobody doesn't know. My charts are based on market movement and zero emotion.
As we go through the chart, we see that Bitcoin has formed a Mid-term bearish channel since July 2019.
At the same time we also see that Bitcoin created a big symmetrical triangle since december 2017.
This leaves us for good trading opportunities with low risk:
- We can go long from here, and use our trendline as a stop-signal. Our target would be around 8,000$.
- In case Bitcoin drops below our trendline , we will short from there. With our target set at 200MA (5,200$).
- The same goes if bitcoin breaks out of our symmetrical triangle. In this case, we will make updates on targets.
If you like my idea please leave a like so i can make more of these. :)
Any questions can be asked in the comment section.
Trade active
ShortTrade closed: stop reached
False breakdown, we go long until we break down our trendlineNote
Today turned out bullish, we are doing great so far.Follow me for instant updates on trading strategies!
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