Bitcoin. Waiting for a breakout of resistance or support level.
So, globally, on the daily chart, I will wait for the breakout of the resistance or support level (see the chart). Then I will wait for a retest and if BTC confirms the breakout and goes higher to 72000 after the retest, I will open long. If it breaks through the support of 52800 and goes lower after the retest, I will open short.
But under a certain condition. I will open a long If the price is above MA200. If below, I will open a short.
In case MA200 does not confirm the pattern I won't open any positions.
But under a certain condition. I will open a long If the price is above MA200. If below, I will open a short.
In case MA200 does not confirm the pattern I won't open any positions.
Bitfinex whale. Subscribe to my Telegram channel with more signals and insides👉 t.me/TraderJoeChannel
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.