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JCBCrypto
Jan 20, 2018 10:52 AM

BTCUSD Trading / Buy Opportunity Long

Bitcoin / U.S. dollarBitstamp

Description

Buy the break-out of downtrend resistance + resistance zone & sell 50% on touch of first resistance line and raise stop-loss. Sell 100% of position on highest resistance, set alerts and re-open trade on break of resistance, ride to 19-20K & beyond ATHs.

Simple.

Risk: Medium
Risk:Reward: 2+
Comments
Jefe
I don't see the volume. More like a fakeout or better yet a shakeout.
robertjulius
@fakhan, hence buy the breakout. This is just a helpful tip on how to approach buying the breakout and profiting from the inevitable downswing that may still follow.

No breakout simply means this is a bulltrap and bearish continuation.
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