JICPT

High probability bullish setup of Bitcoin on 4H Chart

Long
JICPT Updated   
BITFINEX:BTCUSD   Bitcoin
That's right! My previous 'Two short setups of Bitcoin on 2h chart' ended in failure. After reading some research paper, I found out that bitcoin is not what it used to be. Now, it's regarded as the must-have asset by professional portfolio managers.

So I would be cautions to recommend short setups. As price created a new higher high, I came up with this bullish setup on 4H chart. It got fib as well as other odds enhancers that I wrote on the chart for reference.

Hopefully it works time. Trading is just a probability game...please manage the risk and don't loss over 2%/trade.

Order cancelled:
Price refused to go lower...It hit new record. The continuation pattern to create a higher high is very likely. I will seek other opportunities.

plan your trade and trade your plan
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.