BTC: Buy opportunity
Hey Everyone,
As usual, an over simplified short term buy opportunity on the
BTC chart.
The Black Line, is a support line rather than a trend line. Its a bear market after all.
I got it from connecting the NOV, FEB & APRIL lows.
The Green Line represents the bottom side of the descending wedge, and the red line....the top side.
An entry on the black line looks like a good area to rest the top of the wedge. I personally will be taking a smaller position there as a day trade.
An entry on the Green line looks like a good position and i will be taking a larger entry there.
Good Luck.
As usual, an over simplified short term buy opportunity on the
BTC chart.The Black Line, is a support line rather than a trend line. Its a bear market after all.
I got it from connecting the NOV, FEB & APRIL lows.
The Green Line represents the bottom side of the descending wedge, and the red line....the top side.
An entry on the black line looks like a good area to rest the top of the wedge. I personally will be taking a smaller position there as a day trade.
An entry on the Green line looks like a good position and i will be taking a larger entry there.
Good Luck.
交易進行
BTC broke its falling wedge to the upside, Buy opportunity was successful. Unsure whether it has the strength to test the down trend line. Its certainly has started with excellent momentum.交易結束：目標達成
This trade worked out quite well. BTC currently sitting at $9,460. Taking some profits here.
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