BTCUSD - Know when to HODL. Breakout Zone Approaching.

BTCUSD is approaching a critical break out attempt. My idea focuses on being patient as a trader. Price still needs to work it's way through two correction support and resistance trend lines that are showing obvious signs of resistance to the current bullish move. Textbooks say that because the neckline of the forming inverse head shoulder is sloped downward the degree of "bullishness" is not as high if the neckline were to be sloping upward. Which said neckline is obviously being patterned after the prior support line of the correction cycle the market is trying to reverse. Because these trend lines are all converging in a nice beautiful crossover in the near future, I would argue that a break out of these correction trend lines would gain more bullish support once a break happens. Along this pattern of thought, wait through the impending chop zone of deciding whether or not the market wants to keep going upward. Getting in and out during a chop zone is a quick way to destroy your account.

The downside. It would be foolish to not consider the downside risks as well. Don't develop tunnel vision as a trader thinking that the only possibility is up. The daily candles are showing bearish signs currently and whale traders love to mess with weak traders, especially in potential reversal and break out zones. I went back and looked at prior reversal points and BTC likes to retest or retrace the initial wave off bottoms. If you are the more calculated and cautious type, scale in your entry starting with a percentage each time price "dips" or retraces. And then the remaining size of your position once a breakout is confirmed.
交易進行: Successful break of the previous trends. It came earlier than charted which is fine. You need to look at charting with flexibility and not absolutes. I would suspect the next move is to retest the old trends and then off to the next support turned resistance.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出