Bitcoin / TetherUSShort
BTC -> BEARISH -> TO BE SIMPLE TO BE GREAT
Hi Guys,
As you see BTC is making symmetric triangle and everyone is waiting clear breakout/breakdown.
"TO BE SIMPLE IS TO BE GREAT" By Emerson.
Most triangles result in a clear breakout and breakdown in the direction of the prior trend. So it has higher probability to go down.
Trade: Enter trades only when "Symmetric triangle" breakdowns are confirmed by price trading one or two ticks below the breakdown bar's low.
Target: Most "Symmetric triangles" result in 100% of the depth rise/fall of the entire triangle range in the direction of the breakout. Partial trade exit targets are set at 50% of the depth from the
trade entry.
Stop: Place a "stop" order above the first major swing high from the trend line for a short-setup.
Good Luck
As you see BTC is making symmetric triangle and everyone is waiting clear breakout/breakdown.
"TO BE SIMPLE IS TO BE GREAT" By Emerson.
Most triangles result in a clear breakout and breakdown in the direction of the prior trend. So it has higher probability to go down.
Trade: Enter trades only when "Symmetric triangle" breakdowns are confirmed by price trading one or two ticks below the breakdown bar's low.
Target: Most "Symmetric triangles" result in 100% of the depth rise/fall of the entire triangle range in the direction of the breakout. Partial trade exit targets are set at 50% of the depth from the
trade entry.
Stop: Place a "stop" order above the first major swing high from the trend line for a short-setup.
Good Luck
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.