bitcoin analysis.. possible dip then long?
my previous chart was not very good, so let me try this again lol.
ok so because i don't know if bitcoin will break down below the support before heading back up or if it will break above the triangle... i'll be setting buy orders to cover both ideas. if it breaks down below the support line i'll have a buy limit waiting to catch the dip, but if it breaks above the triangle, i'll have a buy stop waiting right above the resistance line. TP would be at the highest point of the triangle.
ok so because i don't know if bitcoin will break down below the support before heading back up or if it will break above the triangle... i'll be setting buy orders to cover both ideas. if it breaks down below the support line i'll have a buy limit waiting to catch the dip, but if it breaks above the triangle, i'll have a buy stop waiting right above the resistance line. TP would be at the highest point of the triangle.
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