Long
BTS POTENTIAL BULL FLAG
BTS forming a bull flag .
Where to open the long position:
Option 1: Wait for breakout of resistance to buy. Stop loss if it closes bellow the resistance.
Option 2. Wait for a Reversal candle at support ( Hammer , bullish engulfing ) . Stop loss -> a close bellow the support.
Don't buy unless you get a signal. It could go either way at this moment as ETH might go up and most of the traders might want to bet on that. BTC is still in the triangle. A break either way might affect the BTS price.
Take profits along the way. there is a lot of volatility in BTS.
Where to open the long position:
Option 1: Wait for breakout of resistance to buy. Stop loss if it closes bellow the resistance.
Option 2. Wait for a Reversal candle at support ( Hammer , bullish engulfing ) . Stop loss -> a close bellow the support.
Don't buy unless you get a signal. It could go either way at this moment as ETH might go up and most of the traders might want to bet on that. BTC is still in the triangle. A break either way might affect the BTS price.
Take profits along the way. there is a lot of volatility in BTS.
Trade active
entry at 4100Note
Support Held, Trade is now in the green. Wished i waited for more conformation and bought in at a better price. But it's still a profitable trade.Trade active
Short sold at 4200 and re-bought at 4000Trade closed manually
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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.
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.