BITCOIN (BTCUSD) Trend Following Trading Plan
BTCUSD is retesting a trend line that it broke last week.
To catch a bullish continuation from that, I would recommend looking at a falling wedge pattern on 1H chart.
While the price is inside that, it remains in a local downtrend.
However, once its resistance is broken, bullish impulse will most likely follow.
Your task right now is to be patient and wait for a breakout with a candle close above.
Then long can be initiated on retest or aggressively.
Potential goals: 36.000 / 38.000
Good luck!
Note
Perfectly flies to the first goal!Note
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✅Join My Telegram Channel: t.me/VasilyTrading
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💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
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Publications connexes
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.