Bitcoin Forming Falling Wedge:
A break of the trend line will confirm which direction - If it is a falling wedge continuation or reversal pattern.
An Upward trend line break = Bullish bias
Downward trend line break = Bearish bias
What do you thing about the black & white ...
Price action on key levels , Simple Strategy for trading Price Action
- Broken support level that is above current price - Possible SHORT position entry
- Broken Resistance level below current price = Possible LONG position entry
Simple Strategy for trading Price Action:
- Broken support level that is above current price - Possible SHORT position entry
- Broken Resistance level below current price = Possible LONG position entry
Base on Daily time frame, Bitcoin failure to close above key Resistance level 9222 on daily TF may mean a entrancement.
If it successfully closes above key resistance level 9222, then we may see 9500-9600 .
I got to open long position on this yet, as I m observing to see if btc closes above this key R level.
This could mean a rally to and beyond 9500 other wise,...
Simple strategy for trading the BUSDNGN Market is by using S/R and Fib entrancement.
TP should be in steps - 3 steps
If market goes in the opposite direction, the SHORT Position would probably help form a cushion
Testing my trade strategy with to know the best setup for high probability wins.
Entry-8974, RRR- 1.6 SL-8853 TP-9171.6
A strategy should be defined with a set of rules and derived from confirmation on a combination of various indicators.
My Entry Trigger was 10 MA (Pink line) crossing 30MA (Red line). The yellow is 21EMA
Confirmations: 1. Uptrend line 2....
