Already in profit. Risky trade as we don't have a confirmation on H4 still but I like what I saw on H1. Nice three pin formation. If this movement does plan out I will determine my TP on my H4 for a 30% of my profits and close 70% on my yellow area highlighted on my hourly timeframe. Enjoy.
Touching my daily trendline, nice engulfing on my 4H. lets ride this wave up to my monthly supp
Great retest on H4 on our MA, nice egulfing on H1. Riding this wave down to 124. Lets see how this plays out.
Hopefully 60 pips if all plays out accordingly. Follow our Instagram lydianlionacademy to learn more about technical analysis.
In this graph you can see the daily behavior of the Bitcoin price since November, 2017. The formation of a symmetrical triangle is seen, which would form a continuation pattern in the case of the triangle breaking, following the arrows of projection. The price is in a critical area, bouncing off the lower line of the triangle and the lower Bollinger band ($...