Bitcoin Micro-Trend Change: Trading Plan 1/10
Hello everyone, this is an update of my previous Bitcoin ideas (linked below). While trading the cryptocurrency market, we mostly rely on simple approaches based on volume & trend. In this idea, we can see the Bitcoin price in a mirco trend-change - initiated by the breakout mid-march. We are looking for two long scenarios during this retracement.
Everything else is explained on the chart.
Cheers,
Ares
Everything else is explained on the chart.
Cheers,
Ares
Note
We were previously looking at the price moving in a Symmetrical Triangle with even chances for a breakout. The price finally took another hit and printed a lower low 
Note
The buyers were exhausted at the current all-time high. The retracement is always shaping differently - based on the strength of the sellers and buyers (observe the volume in this case) 
Note
This is an idea from late January. Trade the retracement by increasing your position size instead of going short
Transaction en cours
Scenario 1
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.