So using a small amount of BTC i had laying around at cex.io, I decided to practice my trendline/fib strategy skills on this crypto pair.
As you can see, a nice uptrend channel has moved up fib levels and may be in one pull last pullback before hitting the full retracement.
I going optimistically long using MACD crossing as confirmation that we're still in an uptrend and setting target at around 0.097791. Lets see what happens
As you can see, a nice uptrend channel has moved up fib levels and may be in one pull last pullback before hitting the full retracement.
I going optimistically long using MACD crossing as confirmation that we're still in an uptrend and setting target at around 0.097791. Lets see what happens
Trade closed: target reached
Yes! Looks like it worked out. Time to do some backtesting and see if I can grow this little BTC account.
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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.