NXTBTC - Daily MA Cloud Breakout - 4H Trend Continuation

NXT has recently had an edge to edge trade through the cloud (see related, closed with 100% profit) and price is now progressing above the cloud with a good daily momentum after a white doji has formed. I will be watching for a good entry position on the 4H chart while price retraces back to the 4H MA cloud.

Transaction en cours:

Opening up positions on the good looking 4H momentum candle off of the MA cloud bounce.

Transaction en cours:

Price has turned back around and started heading towards the MA cloud with good momentum. Normally I look to start closing off my positions to minimize risk, however I am keeping this trade open for one main reason.

Very rarely do I see a daily candle with no wick on the open side.

4H view:

Daily View:

Trade fermée manuellement:

Closing positions at -12% to preserve capital while BTC is making new highs.