Fxprotrader

Bitcoin: Simple Things Offer Great Things

Long
COINBASE:BTCUSD   Bitcoin
One of the most basic rules in forex trading is to follow the trend and don't fight it unless there is a very good reason. Personally, I find no reason to fight the uptrend in Bitcoin as it seems like its brakes are broken. Looking at the 240min chart we can see that the resistance offered by the sliding parallel of the median line set is broken and the price is heading north. In case we see it pulling back into a corrective structure towards the parallel, we better start watching for a buy setup completion to join the whole planet buying bitcoin.
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