Hello Everyone. I want share my idea about bitcoin at 1H timeframe.
on bitcoin we had some strong bullish movements but after touch to big supply zone we got double top which change little trend, i open short position at 29600 point and i am still in this position but with trailing stop which means if i will get stop i will not lose position because my stop is now at my entry point.
Bitcoin is bullish, but for get some big movement we need touch to weekly trendline, i think that for last 2 times happen same, it touch to weekly trendline and start big movement.
At the moment, open long position at bitcoin is wrong, i will open my long position after touch to weekly trendline.
Be patient!!!
on bitcoin we had some strong bullish movements but after touch to big supply zone we got double top which change little trend, i open short position at 29600 point and i am still in this position but with trailing stop which means if i will get stop i will not lose position because my stop is now at my entry point.
Bitcoin is bullish, but for get some big movement we need touch to weekly trendline, i think that for last 2 times happen same, it touch to weekly trendline and start big movement.
At the moment, open long position at bitcoin is wrong, i will open my long position after touch to weekly trendline.
Be patient!!!
Note
Bitcoin will retest weekly trendline soon. Get ready!!!!Trade active
Still in this position. Be carefully bitcoin need new buyers i think they will make big manipulation.
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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.
Related publications
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.