First take a look at my previous analysis and positions. ðĨChannel break patternðĨ While price is inside the yellow area, you can open short position in two steps. If the price falls and reaches the TP1, you can risk-free the position. TP1-2-3-4-5-6-7 are on the chart. The optimum stop-loss1-2 are on the determined area. Please share ideas and leave a comment, let me know what's your idea. CrazySâ
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ðĨFake break alert! If the daily candle closes above the lower line of the channel, there is a possibility of a change in the price trend. In that case, closing the position or opening a reverse position is more logical.
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ðĨAfter the daily candle closes inside the channel and forms a fake breakout pattern, Bitcoin starts to climb with the release of CPI data.