Bitcoin. Waiting for a breakout of resistance or support level.

8 ต.ค.

So, globally, on the daily chart, I will wait for the breakout of the resistance or support level (see the chart). Then I will wait for a retest and if BTC confirms the breakout and goes higher to 72000 after the retest, I will open long. If it breaks through the support of 52800 and goes lower after the retest, I will open short.

But under a certain condition. I will open a long If the price is above MA200. If below, I will open a short.

In case MA200 does not confirm the pattern I won't open any positions.