BITCOIN Ascending Triangle
I've made myself few rules for trading Triangles.
1. Horizontal Line that touches at least two points
2. Trend Line touches at least two points and intersect with horizontal line
3.Draw a Fibonacci Retracement from top to bottom of the Triangle
Entrance rules
Before triangle breakout, price must retrace between .236 and .382.
Target is distance from top to bottom of the triangle added to the breakout. In this case about 9100
With stop loss slightly bellow most recent swing low.
Hopefully this information is useful.
1. Horizontal Line that touches at least two points
2. Trend Line touches at least two points and intersect with horizontal line
3.Draw a Fibonacci Retracement from top to bottom of the Triangle
Entrance rules
Before triangle breakout, price must retrace between .236 and .382.
Target is distance from top to bottom of the triangle added to the breakout. In this case about 9100
With stop loss slightly bellow most recent swing low.
Hopefully this information is useful.
註釋
Breakout might be on 9 or 10 of March註釋
Now is time to secure trade with a SL slightly above 52300If entered lower like 51800, I'd set SL about 51900
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