BTC Price in the important area Short with break Buy with reject
BTCUSDT Bitcoin: Price in the important area - Short with break - Buy with rejection- After breaking the ascending triangle pattern, the price went up as much as a ATR (average true range)
- Currently, the price has corrected to a very important ascending line
- Now, if it is bought here and we see rejection, we have to wait for the uptrend movement of the price
- But due to the downtrend of the Bitcoin wave in this time frame
- We expect more downtrend
- So: with the breaking of the ascending line, we will close the buying positions in profit, and we will enter the selling positions with the appropriate RR (reward to risk.
- This analysis a tutorial for beginner
Hope it was useful
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