BitcoinLong
Bitcoin Day Trade Opportunity
Updated
Triangle formation shows lower highs, and high lows with a consolidation of price in between. Price closer to support so looking for buying opportunities (Show written in Green) at the moment. Place tight stop below support like at the bottom the lows of recent candles showing written in red. Will look to get out with at least a 300% return on my initial investment. Do I know it will go up? No. But the odds are high but we always use stops in the case that I am wrong to lessen the blow. This is the cost of doing business.
Trade closed: target reached
As expected, price hit our buy limit order and reached our target (Green Zone) with a 500% return on initial investment.
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