Hello friends, the price of Bitcoin (BTCUSD) is supported by the MA 50 on the daily & intraday charts. As you can see on the right chart (1H timeframe), the price broke the resistance line (highlighted in orange) and is now aiming for a higher high. We place our order accordingly, with a Stop-Loss slightly below the previous low and our target located slightly above the previous high.
We are still in a strong uptrend and the recent decrease in price was definitely not a change in trend, as mentioned in my previous idea.
Please let me know what you think about this trading idea, especially about trading Bitcoin after this price surge. I would love to know!
Cheers, Ares
ความคิดเห็น
The price re-tested the trendline, which would have been a better entry. Nontheless, everything goes as planned