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Merrickk
Jul 24, 2020 8:50 PM

How to make money in Bitcoin  Long

Bitcoin / U.S. dollarBitstamp

Description

Looking to start building a position in Bitcoin if uptrend starts, starting with a small initial commitment…

1. Rejected lower prices longer term
2. Showing strength breaking out on Triangle in medium term
3. Pin Bar Continuation short term, with 1/2 daily ATR stop

*** With heavy resistance above will be looking at adding to position if Bitcoin continues to move higher

Holding for a longer term move

Trade active

Adding 2nd scale in on Bitcoin Postion

Dollar weakness, inflation hypothesis/thesis showing signs validity, adding to position . 1 ATR based off daily chart at $10,008

Comment

Moving First Position to breakeven

Trade active

Still sitting tight, expecting higher prices. Looking to add to position after a consolidation.
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